IM
For
Immediate Release: May 6, 2008
Rep.
DeLauro -
Rep.
Miller - Puja Patel, 202-225-2095
Rep.
Larson - Emily Barocas, 202-225-7295
STATEMENT
BY MEMBERS OF CONGRESS ON
THE
PROPOSAL TO SUSPEND THE FEDERAL GAS TAX THIS SUMMER
“The
Bush administration’s oil and gas policies have been disastrous for our
economy, the environment and hard working Americans. Since January 2001, oil
prices have skyrocketed to $120 per barrel – up more than
250%. The increased price at the pump, coupled with the White House’s
failure to end
“In
response to this serious and long-term policy challenge, Sens. John McCain
(R-AZ) and Hillary Clinton (D-NY) have proposed suspending the $0.18/gallon
federal gas tax for the summer. We are strongly
opposed to this short-term and counterproductive response, for several
reasons.
“First,
their proposal will bankrupt the federal Highway Trust Fund, leading to deep
cuts to transit investments and to
critical safety and congestion-relief funding.
While our
constituents would like to pay
less at the pump, they don't want to see the loss of hundreds of thousands of
jobs, worsened rush hour traffic, and increasingly dangerous road conditions.
“Secondly,
the fiscal damage to the Highway Trust Fund would not actually lead to a
savings for families. Oil companies have no history of passing their own
savings on to the consumer and we don't believe they would do so now. The
gas tax has remained stable for fifteen years, yet gas prices have steadily
increased: clearly, the $0.18/gallon gas tax has little to do with the
unusually high price at the pump. Waiving the federal gas tax will merely add
to the already enormous profits of the oil industry while undermining our
ability to invest in safer roads, cleaner fuels, and increased public
transportation options.
“Third,
Congress has begun to chart a new direction in energy policy — reducing
demand for oil, improving the efficiency
of cars and trucks, increasing our use of alternative fuels and renewable
energy sources, and investing in a cleaner transportation infrastructure.
These are the steps that we must take to reduce demand for oil, bring down the
real cost of gasoline, and benefit consumers and the long-term health of our
economy.”
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