Political Quotes

Mark Warner: “What is the meaning of a trust fund? Let's be honest. You are keeping $26 billion, according to my calculation, holding…”

On the recordMay 22, 1997
What is the meaning of a trust fund? Let's be honest. You are keeping $26 billion, according to my calculation, holding it back, of the revenues paid at the gas tank, as if it were poker chips to play where you so desire elsewhere in the budget. We specifically did not put in offsets because the offset is there in a trust fund established 42 years ago with a legislative history which clearly said that it belongs to the people and should be returned to the people. That is why we did not have an offset. The offset is there in the form of the money in the highway trust fund. Shall we rename that budget deficit fund?
Said by
Mark Warner
Democratic · Virginia

Editor's note · Context

Discussing the management of the highway trust fund during a Senate floor debate.

Share

More from Mark Warner

Sep 25, 2026

We should be building on the progress we’ve made instead of walking away from a framework that has guided restoration efforts for more than 15 years.

virginiamercury.com
Oct 14, 2026

I’m making the bet that after the midterms there’s going to be a much greater willingness to come to the table and get things done.

virginiamercury.com
Oct 6, 2026

Filipino Americans make tremendous contributions to our country and have helped shape our nation for the better.

hirono.senate.gov
Oct 8, 2026

It’s time for America to move towards universal health care.

rollcall.com

Other voices in this conversation