Collins bill would
end gas tax U. S. Rep.
Mac Collins has introduced a bill to rescind a
4.3 cent per gallon gasoline tax.
With a
fill-up at the gas pump draining more and more of
a worker's wallet, it is time for Congress to
provide relief to consumers, Collins said
as he introduced the legislation. Congress
has the power to help offset the rapidly
increasing costs that are being imposed on
working Americans, and we must act now.
The Fuel Tax Cost
Reduction Act expands on legislation I have
introduced in the past by repealing the 1993
deficit reduction fuel tax as it applies to all
modes of transportation, Collins said.
Mr. Speaker,
this tax was included in the massive 1993 tax
hike, he said. The purpose of this
tax increase was to `reduce the deficit' during
the time period when the old Congressional
majority was regularly passing deficit-driven
budgets that far outspent each year's tax
receipts. Since that time, the Republican
majority has taken action to balance the budget
so that today the federal government is running a
positive cash flow. The end of annual deficits
should mean the end of `deficit-reduction'
taxes.
With world oil
prices climbing and experts predicting that the
price of gasoline will rise to least $2 a gallon,
Collins said, American families need help.
And this is the kind of tax relief that
will help working families the most, he
added in his remarks.
Collins' bill is a
continuation of his opposition to the tax. In
1993, Collins opposed the entire tax hike package
of which the gasoline tax was a part.
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