DearColleague.us

Letter

Edward Markey

From the office of:

Edward Markey

From: The Honorable Earl Blumenauer
Sent By: paul.balmer@mail.house.gov
Date: 10/29/2014

October 29, 2014

Dear Colleague,

I want to direct your attention to two recent editorials, in USA Today and in Bloomberg View, that call for an increase in the federal gas tax. America’s aging infrastructure costs us time and money. Congestion on our roads cost Americans $124 billion last year, and poor road conditions cost each motorist an average of $377 a year in wear and tear on their car.

USA Today—How low oil prices can fix roads: Our view

Bloomberg View—Oil is Down. Gas Taxes Should Go Up.

The federal gas tax, unchanged since 1993, has badly eroded due to inflation and fuel efficiency, losing 40% of its purchasing power. Congress has transferred more than $65 billion from the general fund since 2008 just to maintain our existing transportation program.

Congress should raise to gas tax, making up the shortfall in the Highway Trust Fund, and investing in our transportation system to save Americans money and boost the economy.  Every one cent increase in the gas tax generates $1.5-1.8 billion in annual revenue, and according to a S&P RatingsDirect report, each $1.3 billion invested in infrastructure adds 29,000 jobs and grows our economy by $2 billion.  Let’s make sure that the next time gas prices go up, our economy goes up too.

Sincerely,

Earl Blumenauer
Member of Congress