On the recordApril 11, 2000
Many Americans accepted the gas tax increase because they believed that the money would go to rebuilding and expanding the Nation's highway infrastructure. Today, that is exactly how the money is used. But, again, since the 4.3-cent-per-gallon tax was adopted in 1993, not a single penny of that went into, as I said, building a highway or repairing a bridge. When the tax was adopted, it was not earmarked for the highway trust fund. It was instead collected from the motorists, transferred to the Treasury Department, and then spent for whatever programs the Clinton administration wanted. But those programs did not include added highway construction. That changed when Republicans took control of Congress and enacted the 1997 highway bill. Only then did these fuel tax revenues become earmarked for highways, bridges, and mass transit. I know some are concerned legitimately that if we spend these taxes for the remainder of this year, the highway trust fund, which finances roads, bridges, and mass transit, could be in danger. That is a legitimate concern. I am sure it is going to be a concern in the debate that is forthcoming. But I would like to try at least to put those fears to rest. Our legislation is quite specific. If you do not believe that we can pass a bill that ensures something, then the argument is moot. But this legislation ensures that the highway trust fund will not lose a single penny during tax holiday.
Source
govinfo.gov




