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STATEMENT BY EDWIN L. HARPER, PRESIDENT AND CEO, ASSOCIATION OF AMERICAN RAILROADS, REGARDING SENATE TAX PACKAGE

 WASHINGTON, July 1 /PRNewswire/ -- The following statement was issued by Edwin L. Harper, president and chief executive officer, Association of American Railroads, regarding the Senate Tax Package:
 While successfully dealing with some major tax issues, the Senate created in the details of its legislation critical inequities for the railroad industry.
 First, the Senate bill would take monies from the railroads and contribute them to the Highway Trust Fund. Railroads pay 100 percent of their rights of way costs. The Highway Trust Fund pays for the truckers' rights of way, subsidizing their use by 40 percent, according to the most recent Federal Highway Administration study. This leaves the railroads -- the most fuel-efficient form of transportation -- paying a new 4.3 cent per gallon tax to help subsidize its competitor.
 Secondly, the railroads are the only major industry required to pay an additional 2.5 cents per gallon dedicated to deficit reduction for which the railroads receive no special benefit. The House bill contains the same 2.5 cent problem; however, its BTU tax translates into an 8 cent per gallon fuels tax applied to all transportation modes for deficit reduction.
 The railroads are willing to pay their fair share, but we must have an equitable solution. We hope the Senate-House Conference can find solutions to these problems by having all transportation modes pay the same rate for deficit reduction. The tax bill should not advantage one mode of transport over another.
 -0- 7/1/93
 /CONTACT: Carol B. Perkins of the Association of American Railroads, 202-639-2552/


CO: Association of American Railroads ST: District of Columbia IN: TRN SU: LEG

KD-DC -- DC033 -- 7819 07/01/93 14:29 EDT
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Publication:PR Newswire
Date:Jul 1, 1993
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