[Congressional Record Volume 142, Number 60 (Friday, May 3, 1996)]
[Senate]
[Page S4670]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
REPEAL OF THE 4.3-CENT GAS TAX
Mr. DOLE. Mr. President, finally, let me say a word with reference to
the Finance Committee hearing that was held this morning on repeal of
the gas tax, the 4.3-cent gas tax, which was made permanent in 1993 in
the Clinton tax bill, which raised taxes by $265 billion, the gas tax
increase contributes about $4.8 billion a year.
Not a single Republican voted for the big, big, big tax increase, the
largest tax increase in the history of America. In fact, I think one of
my colleagues said, ``No, in the history of the world.'' Whatever, it
was big. It has had an impact on the economy. Only once before--in
1990--did Congress ever vote to have a gas tax to pay for deficit
reduction. Gas taxes were always set aside in a trust fund to build
highways, bridges, and whatever.
That is a very worthy purpose, and that is why motorists and others
who use fuel are prepared to pay that tax to have better roads, better
highways, and better bridges. But in 1993, in the $265 billion Clinton
tax increase, which included a 4.3-cent increase in gas taxes, which
was an increase of about 25 to 30 percent in the Federal gas tax,
instead of dedicating the funds to bridges, highways, and whatever, it
is being used for deficit reduction.
Gas prices are spiraling. They have gone up 30 cents in the State of
California, for example--15 cents, 20 cents in most other States.
Will repeal of this gas tax mean the price of gas will fall? Not
necessarily. If we repeal the gas tax, we are certain they are going to
be 4 cents less than they were before. We should not be raising taxes.
We ought to be cutting spending. The American people want us to cut
spending, not raise taxes, whether it is a gas tax or some other tax on
the American people, American consumers, particularly low-income
Americans.
So it is my hope--in fact, on Tuesday of next week, I will introduce
legislation, along with Senator Gramm, who will be the principal
sponsor, along with Members of the House, to repeal the gas tax--repeal
the gas tax and remind the American people that this is the beginning,
this is the beginning.
Remember, without a Republican vote, the Democrats in the House and
Senate passed a $265-billion tax increase in 1993 that President
Clinton wanted. We believe this is one small step we can take. It
amounts to about $4.8 billion a year. We will find offsets, and they
will not be tax increases. We will try to relieve the consumers and the
motorists of at least that part of the burden on the Federal gas tax.
It is going to go to the consumers. We cannot predict that prices may
not rise because if there is no supply, prices will rise. But, as I
have said, they will at least be 4.3 cents cheaper than they were
before.
I believe there will be strong bipartisan support for repeal, and we
hope to have that legislation ready and on the Senate floor in the very
near future.
Mr. President, I yield the floor.
Mr. WARNER addressed the Chair.
The PRESIDING OFFICER. The Senator from Virginia.
Mr. WARNER. Mr. President, I wish to commend the distinguished
majority leader, and I shall join with him and ask if I may be a
cosponsor of that legislation.
Mr. President, this is a tax put on gasoline that does not go to the
improvement of the Nation's highway transportation system. When a
driver moves up to the pump and pays the tax, which could be as high as
18 Federal, those taxes historically have gone to improve America's
transportation--roads and bridges--but not in this case. President
Clinton designed this tax to go elsewhere.
I commend the distinguished majority leader. This Clinton tax must be
repealed and repealed promptly. And henceforth, when you go to the gas
pump, whatever tax it is, that tax must be directed toward the
improvement of the transportation system. Those are the users in those
automobiles and those trucks, and they are entitled to those funds to
be expended for the very roads on which they must drive and work to
support their families.
I thank the Chair. I yield the floor.
Mr. DOLE. Mr. President, I thank the Senator from Virginia.
I hope to be meeting with him tomorrow on this very important issue.
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