AED’s Mack speaks out on deficit-reduction proposal

Therese Dunphy

February 22, 2013

Two former leaders of the bipartisan National Commission on Fiscal Responsibility and Reform and co-chairs of the Moment of Truth Project, Alan Simpson and Erskine Bowles, released “A Bipartisan Path Forward to Securing America’s Future.”
The report includes a four-step outline on deficit reduction. In it, Simpson and Bowles suggest that lawmakers “require a highway bill to bring transportation spending and revenues in line.”

In response, Toby Mack, president and CEO of Associated Equipment Distributors (AED), released the following statement.

“Congress should heed the call by Alan Simpson and Erskine Bowles to restore the Highway Trust Fund‘s (HTF) solvency by aligning spending and revenue. The only acceptable way to do that is to fix the revenue shortfall by raising the gas tax and/or identifying other new user fee revenues. A recent AED study found that, without new revenues, the HTF will incur a $365.5 billion deficit over the next 23 years. We look forward to working with lawmakers in the weeks and months ahead to resolve the transportation funding challenge as part of a broader tax and budget deal.”

To see the full report from Simpson and Bowles, click here.

There are no comments

Your email address will not be published. Required fields are marked *