AEM President Dennis Slater makes statement on highway funding.
Press Release Summary:
Dennis Slater, AEM President, responded to House Appropriations Committee's intent to cut 17% of federal transportation budget by calling the notion "discouraging." Demanding right to returns on commuter investments, Slater cited 18.4 cent federal fuel and 24.4 diesel tax that went towards Highway Trust Fund for 2010-11 fiscal year. Contributions thereto, he continued, should be dedicated to transportation infrastructure maintenance/improvement, not to deficit reduction.
Original Press Release:
Highway Funding - Statement from Association of Equipment Manufacturers (AEM) President Dennis Slater
News that the House Appropriations Committee intends to cut the federal transportation budget by 17 percent is discouraging and raises questions about what is - and isn't - actual deficit spending. The Highway Transportation Fund is not deficit spending, it's the people's money.
America's commuters have paid their fair share into the Highway Trust Fund for the 2010-11 fiscal year through a dedicated 18.4 cent federal fuel and 24.4 diesel tax, and they deserve to see a full return on their investment.
The nation's highways, roads and bridges do not require 17 percent less repair today than yesterday. The average commute time is not 17 percent shorter nor are America's manufacturers and farmers able to transport goods 17 percent more efficiently.
Americans were promised that their hard-earned contributions to the Highway Trust Fund would be dedicated to the maintenance and improvement of our nation's transportation infrastructure, and not to deficit reduction or any other purpose, and they should not be short-changed. That promise should be kept.
About the Association of Equipment Manufacturers (AEM) - www.aem.org
AEM is the North American-based international trade group providing innovative business development resources to advance the off-road equipment manufacturing industry in the global marketplace. AEM membership comprises more than 800 companies and 200-plus product lines in the agriculture, construction, forestry, mining and utility sectors worldwide. AEM is headquartered in Milwaukee, Wisconsin, with offices in the world capitals of Washington, D.C., Ottawa, Beijing and a European presence in Brussels.
