Amending The Internal Revenue Code Of 1986 To Restore The Highway Trust Fund Balance

Floor Speech

Date: July 23, 2008
Location: Washington, DC

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Mr. MORAN of Kansas. Madam Speaker, I rise in support of H.R. 6532. I come from a State located in the middle of the country. Transportation to and from one's home to their work, transportation from the State of Kansas in moving manufactured and agricultural commodities to the rest of the world, we depend upon infrastructure. Our highways are important to us if we are going to continue to compete in a global economy.

In the absence of this legislation, the State of Kansas would receive $120 million less, a shortfall which would mean that there is 90 less State and local projects at an estimated loss of 8,250 jobs.

Kansas receives about $370 million from the Federal highway trust fund. That would be reduced to $247 million. This is an important piece of legislation that continues to drive the Kansas economy and makes us competitive in a global economy. It is time for us to fix the system now in this short-term manner, but it is also important for Congress to reach a conclusion on how we fund highway and other transportation needs into the future.

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