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Published May 09, 2008 09:46 am - Proposals, both on the federal and state level, would give motorists a gas-tax holiday for the summer if they came up for consideration.
In Our View: Grasping for gas dollars
Proposals, both on the federal and state level, would give motorists a gas-tax holiday for the summer if they came up for consideration.
But, it looks like both Congress and the Missouri Legislature will take a pass on the idea, and we think that’s wise.
Sure, we’d love to save the money at the pump. But, in this case we’d only feel the bite somewhere else.
The taxes are in place to keep highway construction and maintenance rolling. The federal Highway Trust Fund, which pays for road and bridge construction and repairs all over the country, would lose about $10 billion if the gas-tax holiday is adopted.
Mike Right, with AAA of Missouri, said the gas-tax holiday would have a negative impact on highway construction and maintenance.
“That tax is the main facilitator of highway construction in the United States and it is in dire need of additional revenue,’’ Right told the Globe. “It would OK if they had a specific mechanism to replace the funds that would be lost. Most states are totally dependent on federal aid for highway improvements.
“That’s my main concern with this thing. It’s a fast fix to a problem that won’t be fixed with a fast fix.’’
Motorists can help by driving less, thus helping drive down the demand for gas and the price.
Bottom line: Congress and President Bush need to stop pointing fingers and seek out long-term solutions.
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