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HIGHWAY USERS FEDERATION STATEMENT ON PROPOSED TRANSFER OF 2.5 CENTS MOTOR FUEL TAX TO HIGHWAY TRUST FUND

 WASHINGTON, March 4 /PRNewswire/ -- Lester P. Lamm, president of the Highway Users Federation, released the following statement today:
 President Clinton's economic stimulus package contains a proposal to extend the 2.5 cents per gallon federal tax on motor fuel now going into deficit reduction beyond the 1995 expiration date. Secretary of Transportation Pena announced March 3 that the administration had agreed that the revenues from the extended tax should go into the Highway Trust Fund.
 Highway users throughout the country applaud this decision. Since 1990, the Highway Trust Fund has been deprived of that portion of revenues from motor fuel taxes for badly needed highway and bridge improvements.
 The General Accounting Office has estimated that this step will bring in sufficient revenue to fully fund the highway, bridge, and safety programs authorized by the Intermodal Surface Transportation Efficiency Act of 1991. This is a major goal of the administration and, again, is fully supported by highway users who pay the user fees in expectation of easier, safer travel.
 In later years, as the cash balance in the Highway Trust Fund is drawn down to fully fund the federal-aid highway program, the additional 2.5 cents per gallon will help to meet the nation's backlog of highway needs, and to begin to make the National Highway System authorized in the 1991 legislation a reality.
 -0- 3/4/93
 /NOTE: In 1990, the federal tax on gasoline and diesel fuel was increased by 5 cents per gallon. Of that 5 cent increase, 2.5 cents has gone into the general fund for deficit reduction, and 2.5 cents into the Highway Trust Fund. The total federal tax on motor fuel remains at 14 cents per gallon for gasoline, 20 cents for diesel fuel./
 /CONTACT: Gerald M. Bastarache of the Highway Users Federation, 202-857-1200/


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

DC -- DC028 -- 3082 03/04/93 14:50 EST
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Publication:PR Newswire
Date:Mar 4, 1993
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