ATSSA President and CEO, Stacy Tetschner released the following statement today that strongly opposes President Joe Biden’s proposal for suspending federal and state gas taxes.
“Although we certainly support efforts to reduce the price per gallon of gasoline and diesel, suspending federal fuel taxes would set a dangerous precedent, financially undermine the recently-enacted bipartisan infrastructure law, impact state and local governments’ certainty of federal roadway safety funding, and imperil the ability to enact future multi-year transportation authorizations. It’s extremely unlikely that the suspension of federal fuel taxes will result in the American consumer actually seeing a commensurate reduction in the price they pay at the pump when filling up their vehicle. In addition, once the 90-day suspension of the federal fuel taxes is over and the taxes are reinstated, prices will have to increase – making any reinstatement of the tax politically difficult.
Federal fuel taxes generate much-needed revenue for the Highway Trust Fund, which helps pay for critical and life-saving roadway safety improvements that ATSSA members manufacture and install. At a time when serious injuries and fatalities are on the rise across this country, now is not the time to make it more difficult to make these important safety investments.”
Cutting the gas tax is a COST we can’t afford. Learn more now.