![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
GAS TAX DEBATE * USA - GT May need to increase to prevent Highway Trust Fund shortfall
Various industry experts have told that suspending the motor fuel federal tax would not make sense
Washington,DC,USA -Logistics Management, by Jeff Berman -21 July 2008: -- ... it appears that member of Congress may be considering raising the tax, according to media reports... The current motor fuel federal tax is 18.4 cents per gallon for gasoline and 24.4 cents for diesel, and it has not been raised since 1993... The main objective for Congress potentially raising the tax is due to a major shortfall in the Highway Trust Fund, which goes toward road construction, repairs, and maintenance... Various industry experts have told LM in the past that suspending the motor fuel federal tax would not make sense... “It is my understanding that highway taxes go to the [HTF], which is in dire financial shape,” said Michael A. Regan, CEO of transportation rate analysts TranzAct Technologies. “Now why would you advocate compounding the plight of the highway tax of the [HTF] when we already have more projects and things for those funds than you have funds to do them with? If this was not an election year you would be hearing nothing about highway gas tax.”... And at the National Shippers Strategic Transportation Council’s annual conference in April, U.S. Chamber of Commerce President and Chief Executive Officer Thomas J. Donohue blasted the fact that the motor fuel federal tax has remain at the same level for 15 years. He added that the U.S. needs to “quit fooling itself,” when it comes to the tax, which, if raised, he said, could help fund transportation infrastructure projects... “We have not passed a fuel tax on the federal level in this country for 15 years,” said Donohue. “Infrastructure is the deal, and unless our fellow citizens look at it and deal with it, we will continue to have a problem.”...
Labels: gas tax debate
posted by Unknown @ 6:28 AM
0 Comments:
Post a Comment
<< Home