Fond du Lac congressman Tom Petri is cosponsoring a bill that would raise the nation’s gas tax. Petri, a senior member of the House Committee on Transportation and Infrastructure, joined Rep. Earl Blumenauer at a press conference this week to call on Congress to raise the nation’s gas tax in order to save the failing Highway Trust Fund, which funds the United States transportation infrastructure. The UPDATE Act would phase in a 15 cent increase to the gas tax over a period of three years and would index it to inflation. Petri says the increase is necessary to restore purchasing power to the Trust Fund so transportation needs can be met now and in the future. Petri says if Congress cannot find a way to make the Highway Trust Fund solvent, this continued disinvestment will mean a more than 30% drop in federal transportation spending by 2024. Petri says former President Ronald Reagan, called on Congress to raise the gas tax during his Thanksgiving Day Address in 1982.
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