The Roth resolution simply states that Congress would give Amtrak a secure and reliable source of funding for capital expenditures. The rail trust fund would be funded by transferring revenues from the 0.5-cent excise tax that is currently going into the mass transit account to a newly created rail trust fund. While Amtrak would have $2.8 billion for capital expenditure over 5 years, the existing $5.4 billion surplus in the mass transit account-- the mass transit would continue to have billions of dollars in excess of its anticipated appropriations. Mr. President, I urge my colleagues to support my amendment.
Michael Roth: “The Roth resolution simply states that Congress would give Amtrak a secure and reliable source of funding for capital…”
Editor's note · Context
Discussing the Roth resolution to secure funding for Amtrak.
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