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TAX POLICY * USA - Sen. Kerry Knocks Down Fuel Tax Talk
One of three backers of pending climate bill says measure won’t tax fuels
Washington,DC,USA -The Journal of Commerce Online, by John D. Boyd -Apr 21, 2010: -- Sen. John Kerry, D-Mass., said the bill that he and two other key senators are preparing to combat carbon-caused climate change will not include a tax increase on motor fuels or even a “linked fee” on oil, despite widespread reports they would propose one... That would be good news for the transportation sector, which was so alarmed that the climate bill would increase gasoline and diesel taxes that a broad industry coalition recently warned the senators against that course... The industry groups fear that if climate legislation tacks on a motor fuels tax hike or a new carbon-linked fee at earlier stages of oil and gas production, which the lawmakers were also reportedly considering, this would crowd out the possibility of raising the gas tax later to fund a new multi-year bill for surface transportation programs... The motor fuels tax feeds the Highway Trust Fund that disburses money to states for much of the nation’s road and bridge projects plus some intermodal facility construction...* Trucking Group Opposes Vehicle Miles Tax - ATA says fuel taxes still best way to pay for highways, as interest in VMT grows
Arlington,VA,USA -The Journal of Commerce Onlinem by William B. Cassidy -Apr 21, 2010: -- A Vehicle Miles Traveled tax may be gaining mileage on Capitol Hill, but the nation’s truckers want an alternate route. Replacing the federal fuel tax with a VMT would be too costly, a top American Trucking Associations official said yesterday... Such a tax would be difficult to implement and to comply with, said Bob Pitcher, an ATA vice president... A recent poll suggests a majority of Americans agree. Sixty-one percent of those surveyed by HTNB, an infrastructure contractor, said the U.S. should not try to reduce transportation greenhouse gas emissions through a vehicle miles traveled tax... The idea of a VMT is surfacing more often as states and the federal government look for new ways to fund highway building and repair. Fuel tax revenues -- the main source of highway funding -- are forecast to decline as more fuel-efficient cars take the road... Congress hasn’t raised the federal tax on gasoline and diesel since 1993, but construction and materials costs have risen since then, making it more difficult for the federal government and states to stretch the tax money deposited in the Highway Trust Fund...
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