AGC Says Suspending Federal Gas Tax Adds to the Pain of Using Roads and Rails
The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement today in response to President Biden’s call to suspect the federal gas tax of 18.3 cents per gallon to offset gas prices that have risen by over $3 a gallon since 2020:
“The President’s desperate proposal to suspend the federal gas tax won’t provide relief at the pump, but will add to the pain of using America’s roads and rails. That is because the irresponsible proposal, if enacted, would leave a massive hole in the federal Highway Trust Fund that pays for federal investments in road, bridge and transit improvement projects that would need to be filled with new taxes or additional deficit spending.