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HIGHWAY USERS FEDERATION STATEMENT ON PRESIDENT'S ECONOMIC STIMULUS PROPOSAL

 WASHINGTON, Feb. 18 /PRNewswire/ -- Lester P. Lamm, president of the Highway Users Federation, released the following statement:
 The Highway Users Federation strongly supports the president's proposal fully funding the federal-aid highway program at a level of $20.6 billion. This action will help put to work part of the more than $20 billion unspent cash balance in the Highway Trust Fund, helping to spur economic growth, transportation productivity, and the international competitiveness of U.S. businesses.
 However, federation members are concerned that the proposal taxes oil more than twice as much as other forms of energy. This puts a disproportionate share of the burden of deficit reduction on highway users.
 Highway users are willing to pay a fair share for deficit reduction, but believe that revenues from any form of motor fuel taxes should be dedicated to highway improvement.
 Highway users already are contributing significantly to deficit reduction through a 2.5 cents per gallon motor fuel tax imposed in 1990. We are disappointed that the president's proposal makes permanent that 2.5 cents per gallon tax which goes into the general fund rather than the Highway Trust Fund. We agree with Secretary of Transportation Federico Pena that the 2.5 cents should be recovered for the highway program.
 The Highway Users Federation position is that all highway revenues will be needed to fully fund the federal-aid highway program in coming years. Adequate highway investment is critical to ensuring American businesses are competitive in international markets.
 The federation, representing road-dependent business, industries, and associations nationally, is ready and willing to work with the administration and Congress on ways to reduce the federal deficit in an equitable fashion.
 -0- 2/18/93
 /CONTACT: Gerald Bastarache of the Highway Users Federation, 202-857-1200, or after hours, 703-536-1998/


CO: Highway Users Federation ST: District of Columbia IN: TRN SU: EXE

IH -- DC047 -- 8018 02/18/93 15:07 EST
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Publication:PR Newswire
Date:Feb 18, 1993
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