GOP Rescinds Trust Fund Guarantee
January 10, 2011 – Well, this isn't welcome news. House Republicans voted to rescind a guarantee that Highway Trust Fund revenues would be spent to fund the critical highway and transit programs that stone producers rely upon to drive business. The move was almost unilaterally condemned by national highway and infrastructure interests. ARTBA President Pete Ruane, in a scathing response, said, “Thirteen years ago, Congressional Republicans and Democrats alike voted overwhelmingly to provide budgetary guarantees that ensured all federal gas and diesel tax user fee revenue collected for the Highway Trust Fund would be invested exclusively and in a timely manner in state highway, bridge and transit improvements.
Published: Monday, 10 January 2011 12:41
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