ATA applauds new federal tax rules, pushes 20-cent gas tax for roads
(TALK BUSINESS & POLITICS) -- Chris Spear, president and CEO of American Trucking Associations, told a Senate panel that the federal government needs to invest more into highway infrastructure to keep up with rising freight demand as transportation trade organizations commended Congress on approving tax reform.
“The Highway Trust Fund is projected to run short of the revenue necessary to maintain current spending levels by 2021, creating a huge funding gap that could force states to cancel or delay critical projects,” Spear said.
On Wednesday (Dec. 20), Spear spoke to the U.S. Senate Committee on Environment and Public Works’ Subcommittee on Transportation and Infrastructure.
“It should be noted that a $60 billion annual average federal investment still falls well short of the resources necessary to provide the federal share of the investment needed to address the nation’s surface transportation safety, maintenance and capacity needs.”
The United States spends less than half of what it needs to address these needs, according to the American Society of Civil Engineers.
“As the investment gap continues to grow, so too will the number of deficient bridges, roads, bottlenecks, and most critically, fatalities attributable to inadequate roadways,” Spear said.
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