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Current Taxes on Gasoline May No Longer Be Sufficient to Properly Maintain America's Roads and Bridges
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(OPEN):
EVEN THOUGH HEALTH-CARE REFORM MAY BE IN THE DRIVER'S SEAT, WHEN
CONGRESS RETURNS FROM ITS SUMMER RECESS THIS MONTH [SEPTEMBER], A
NEW SURVEY COMMISSIONED BY H-N-T-B CORPORATION SUGGESTS
THAT FINDING A LONG-TERM WAY TO PAY FOR AMERICA'S SURFACE-TRANSPORTATION
NEEDS SHOULD ALSO BE ADDRESSED. ACCORDING TO THE LATEST
"AMERICA THINKS" SURVEY, 57-PERCENT OF AMERICANS SAY THAT TAXES ON
GASOLINE ARE NO LONGER SUFFICIENT TO PROPERLY MAINTAIN THE COUNTRY'S
ROADS AND BRIDGES; THAT'S UP SIX-PERCENTAGE-POINTS, FROM JANUARY.
H-N-T-B HOLDINGS LIMITED PRESIDENT, PAUL YAROSSI
[LIKE "ROSSI"], HAS MORE...
(YAROSSI):
"THE STIMULUS PLAN ONLY PROVIDED SOME MUCH-NEEDED INTERIM FUNDING;
AMERICA NEEDS A LONG-TERM VISION FOR ITS TRANSPORTATION FUTURE.
DELAYS ONLY INCREASE COSTS--AND INCREASE THE DETERIORATION OF OUR
CURRENT SYSTEM. BY ADDRESSING THE PROBLEM THROUGH A COMBINATION OF
FUNDING-SOLUTIONS, WE'LL BE ABLE TO GENERATE JOBS--AND IMPROVE THE
STABILITY OF BOTH OUR MOBILITY AND OUR ECONOMY. LET'S STOP
TALKING--AND, INSTEAD, START LOOKING AT ALL THE OPTIONS TO IMPROVE
AMERICA'S FUTURE."
(CLOSE):
THE FEDERAL "HIGHWAY TRUST FUND" WILL BE BROKE BY OCTOBER 1ST--EVEN
WITH AN EMERGENCY INFUSION OF SEVEN-BILLION DOLLARS IN AUGUST.
YAROSSI STATES THAT A COMBINATION OF INFLATION, CHANGING DRIVING-HABITS,
AND THE INCREASED FUEL-ECONOMY OF VEHICLES HAS ROBBED MUCH OF THE
PURCHASING-POWER FROM GASOLINE TAXES--WHICH HAVE BEEN SET, AT THE
FEDERAL LEVEL, AT 18.4 CENTS, PER GALLON, SINCE 19-93. FOR MORE
INFORMATION, VISIT
"H-N-T-B"-DOT-COM.
