Posted on April 12, 2005
WASHINGTON, D.C. – U.S. Sen. Lamar Alexander (R-TN) today announced he is co-sponsoring the “Highway Funding Equity Act of 2005,” which would provide more than $40 million in federal gas tax money for Tennesseans. "The current distribution of federal highway dollars is unfair to Tennessee taxpayers,” Alexander said. “Over the past five years, taxpayers in Tennessee paid more than $4.2 billion into the highways trust fund, and only received $4 billion in return, losing more than $200 million to other states. “A strong highway system brings better jobs to Tennessee. Our citizens should be getting back what they pay for instead of seeing their federal gas tax dollars go elsewhere." Currently, federal gas taxes are collected in the dedicated Highway Trust Fund and distributed to each state based on a formula which includes population, highway use and other variables. The Highway Funding Equity Act will increase the minimum share for each state from approximately 90 percent to 95 percent of the revenue paid by the state. Sen. George Voinovich (R-OH) introduced the legislation in the Senate today.