Joe Biden Warned Gasoline Tax Vacation Threatens Jobs, Important Infrastructure

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Dozens of transportation and infrastructure teams have warned President Joe Biden that his plan for drooping federal fuel tax will endanger the maintenance and improvement of the highway.

The People’s Transportation Mobility Coalition (ATM) for Transportation and Transportation Development Coalition (TCC) states that the name of the biden for the Congress for 18.4 cents per gallon for 3 months will have a knock on the impact of American, bridge, transit and transit methods profession .

Highway Tax Funds and Public Transportation Infrastructure Through Fund Believe in the Social Road (HTF), but the truth sheet of the White House states that suspending fees for 3 months is important to help people overcome the floating costs caused by “(Vladimir) Putin War floating in Ukraine. “

However, in a letter to Biden, 33 teams stated that the fuel tax vacation, a cost of $ 10 billion, the danger of damaging funding for HTF, “which is very important for the long -term and sustainable development of our financial system.”

It is stated that the Biden plan will even be “weakening efforts” to create jobs and understand the investment carried out under the law of infrastructure funding and employment law (IIJA)The letter sent Wednesday stated that the reduction in the HTF revenue was introduced regarding the fuel tax vacation “In addition to endangering important understanding for the state and our original friends to plan the long -term initiative and the recruitment of affiliates and purchases of equipment needed.”

American Council of Engineering Corporation, American Public Transportation Affiliation and American Trucking Associations has become among many signatures in the letter, which states the tax holiday will definitely damage efforts to improve the protection and situation of our highway, bridges and transit methods. “

The CEO of one -the signature of the letter, Portland Cement, described the Biden proposal as “the wrong choice in the wrong seconds.”

Eliminating funding from fuel tax will suffocate IIja earlier than even and operate,” Michael Eire said in a press release to Newsweek.

The American cement manufacturer has dedicated to achieving carbon neutrality in the building chain in 2050 and Eire states that this goal and the purpose of the sustainability of “matching Ija correctly.”

However, achieving these goals requires important funding,” he said, noting that “gasoline tax is very important for the desired assembly of this fund.”

After peaking at $ 5,016 per gallon on June 14, the national general for fuel costs decreased to $ 4,955 on Thursday. It still increases a lot from the price of $ 3,069 a few 12 months in the past.