A drive in Congress.
A drive in Congress to repeal 4.3 cents per gallon of the federal gasoline tax appears to have failed. Legislators in both houses sought repeal of a 4.3 cent gas tax increase that the Clinton administration pushed through Congress in 1993. It raised the gasoline tax to 18.4 cents per gallon.
House Republican leaders and the Clinton administration opposed a gasoline tax rollback. Senate Majority Leader Trent Lott (R-Miss.) championed it. Rep. Bud Shuster (R-Pa.), House Transportation and Infrastructure Committee chairman, led a fight against repeal. He said it probably would not lower prices for con-sumers and if it did, they would not notice such a small amount.
Shuster said the rollback "would have a devastating impact" on the funding for transportation programs. Loss of the 4.3 cents would have cost the federal Highway Trust Fund $7.2 billion per year, of which $5.8 billion went for roads and $1.4 billion for mass transit programs.
Lott argued those funds could be replaced from the federal budget surplus. But he was unable to assemble enough votes in the Senate to pass the measure.
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|Title Annotation:||to repeal gasoline tax|
|Article Type:||Brief Article|
|Date:||May 1, 2000|
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