Bill Archer: “Mr. Chairman, I bring to the attention of the House the provisions of title XI, the revenue title H.R. 2400. The revenue…”

“Mr. Chairman, I bring to the attention of the House the provisions of title XI, the revenue title H.R. 2400. The revenue title provides the necessary financing for our Nation's surface transportation needs by extending for 6 years current law excise taxes on gasoline, diesel, and other transportation taxes which flow into the Highway Trust Fund. By continuing the dedication of these monies to the Highway Trust Fund, we fulfill the expectations of the American people as the highway user charges they pay are reinvested in our country's infrastructure. Furthermore, I am pleased to inform my colleague that the Ways and Means revenue title would transfer 6.8 cents per gallon tax on motorboat gasoline from the general fund to the Aquatic Resources Trust Fund. This is very, very important to those who use boats and the fishermen, because the money spent out of that fund enhances boater safety and protects the environment for millions of Americans who fish in the great outdoors. In addition, title XI would repeal the 4.3 cents per gallon tax on railroad diesel fuel, which now goes to the general fund.”