Posts Tagged ‘investment’

Michael Green Contact Tile(WASHINGTON, Jan. 20, 2015) – AAA CEO Robert Darbelnet has released the following statement in response to President Obama’s State of the Union Address.

“The state of our nation’s transportation infrastructure is deteriorating, and without significant investment it will only worsen. President Obama has outlined numerous legislative priorities tonight – from making community colleges more accessible to national energy production and efficiency initiatives – but a key part of our overall economic success will depend on a reliable network to get people to school and transport new products to factories and stores.

“The President’s proposal to leverage corporate tax reform or private investment structures to support transportation funding would provide a welcome shot in the arm for our nation’s infrastructure, but this will not provide a sustainable fix to the looming funding crisis at hand.

“We have a tremendous opportunity with gas prices hitting multi-year lows to invest a portion of these savings to properly fund our transportation system. The user fee for gasoline – often called the “gas tax” – has not increased in more than two decades; yet long-overdue action to restore funding lost to inflation is finally gaining interest on Capitol Hill.

“AAA continues to advocate for an increase to this user fee as the most effective and efficient way to fund our transportation system, provided the money is used to ease congestion and improve safety.

“We can only hope that the promise of bipartisanship and collaboration prevails so that we can achieve a sustainable and reliable long-term funding solution.”​

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