NARC Applauds Senate Bipartisan Effort to Boost Federal Transportation Funding
Today, NARC Executive Director Joanna Turner issued the following statement on the proposal by Senators Chris Murphy (D-CT) and Bob Corker (R-TN) to increase the nation’s fuel tax.
“NARC applauds the bi-partisan leadership of Senators Murphy and Corker to provide long-term, sustainable funding for the nation’s transportation system by increasing the federal fuel tax that supports the Highway Trust Fund (HTF). Transportation investments are the cornerstone of local and national economic competitiveness, and require increased and predictable funding streams that aid localities in improving the nation’s roads, bridges, and transit systems. National transportation needs are outpacing current HTF receipts, and addressing this shortfall requires immediate and bold action if the nation is to remain competitive in a global economy.
“By increasing the nation’s fuel tax, which has been stagnant since 1993, and indexing for inflation over the next two years, the Murphy-Corker proposal reinvigorates the federal commitment to the intergovernmental partnership required for a world-class transportation system. Their proposal would reap immediate benefits in regions nationwide by providing financial assistance to increase safety, improve travel conditions, develop new mobility options, and create jobs.
“NARC looks forward to working with Senators Murphy and Corker and other members of Congress to ensure a well-funded, multi-year surface transportation bill.”