I can say to you that absent this revenue from the gasoline tax, which we imposed under President Eisenhower in 1956, and which built the Interstate Highway System and transformed American society, the transportation programs will just stop. There is no other revenue for it. It is a dedicated revenue. They are planned on. This would be the first time they have been interrupted. A whole industry would be interrupted, not to mention the urban and State planning that goes on; not to mention measures such as the Woodrow Wilson Bridge, which is hugely important to Virginia and to the District of Columbia. Over the past two decades the price of a gallon of gasoline, adjusted for inflation, has fallen by exactly a third--from $1.49 in 1981 to, in those dollars, $1 in June of this year. We are not paying more for gasoline. We are paying less for it. There can be an argument made that the price is too low, but not that we should lower it further and deprive ourselves of the essentials of the transportation infrastructure and construction in this Nation.
Editor's note · Context
Discussing the importance of gasoline tax revenue for transportation infrastructure.
Share
More from Patrick Moynihan
I rise to speak briefly to the important issues my friend, the Senator from North Carolina, has raised and to suggest that we have the necessary international agreements already in place to address the more fundamental issues with which he…
Since the 1930s, section 307 of the Tariff Act of 1930, and the Smoot-Hawley tariff, has made it illegal to send prison labor products to this country. If it still continues to be done, doesn't that problem involve our vigilance? Shouldn't…
So states the balance of payments, sir. They come in under our tariffs, which are already nonexistent. We can't get in under theirs. Under this agreement, they have agreed to bring them down to a reasonably low level and to wipe them out…
It is the best hope of mankind at this moment, sir, because the age of nuclear warfare is not over. If we think we have proliferation today, wait until we see. We won't, but if we were to announce that we want the Chinese on hold, I cannot…





