Contractors association shows support for gas tax increase.The Associated General Contractors Associated General Contractors of America is the nation's oldest and largest trade association representing the construction industry. It was formed in 1918 following a request by President Woodrow Wilson. of America (AGC AGC Automatic Gain Control AGC Automotive Glass Cartridge (fuse) AGC Associated General Contractors AGC Associated General Contractors of America AGC Atypical Glandular Cells AGC Attorney-General's Chambers ) submitted a statement of support for the National Highway System Bridge Reconstruction Initiative that includes a potential increase to the federal excise on gasoline, which continues to be the most reliable, fairest and easily administered user fee. "This targeted, nationwide bridge reconstruction program is an appropriate response to the tragic collapse of a span of the 1-35 bridge in Minneapolis and to our country's pressing needs," said AGC CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Stephen E. Sandherr. Twelve percent, or approximately 72,000, of the nation's bridges are classified as "structurally deficient de·fi·cient adj. 1. Lacking an essential quality or element. 2. Inadequate in amount or degree; insufficient. deficient a state of being in deficit. ." Bridges are just one component of the nation's transportation network that supports our $14 trillion economy; other system needs exist and require solutions to address a variety of mobility challenges. "We face a looming looming: see mirage. infrastructure crisis in this country which involves all modes of infrastructure from surface transportation to aviation, from water infrastructure and flood control to navigation," added Sandherr. "The National Highway System Bridge Reconstruction Initiative is an important first step towards fixing the long-term neglect of our nation's aging and deteriorating infrastructure." In its support for increasing investment in transportation infrastructure and a potential increase in the federal excise on gasoline, AGC recommends that it be indexed to account for the expected inflation in construction costs that will diminish the purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. of this funding increase in the future. "Indexing this user fee to account for inflation will help our country avoid future catastrophes," Sandherr noted. |
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