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To: akdonn
The $286 billion highway bill divides among states the money expected in the highway trust fund in the next six years. A state's share is based on a state's size, miles of highway, taxes contributed and political power. Earmarks in the legislation are directions given by members of Congress on where a portion of states' highway funds must go.

The highway trust fund was created in 1956 and is fed by the 18.4 cents-per-gallon tax on gasoline and a 24.3 cents-per-gallon tax on diesel.

Such taxes were assessed for 40 years before the trust fund but went into the general fund. Since 1956, it goes into the highway trust fund and if not spent on transportation projects stays in the fund, unavailable for other purposes.

At last a word of sanity on this subject. Alaska is always being accused of feeding at the trough, by people in states getting a million times more pork.

The story starts half way down the page. Its worth your time to read it.

The key point, This is Highway Trust Fund money, if not spent there, it does not buy anything else. It stays in the trust fund.

4 posted on 10/01/2005 10:11:29 PM PDT by konaice
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To: konaice

OK put up a toll bridge.


6 posted on 10/01/2005 10:23:09 PM PDT by stubernx98 (cranky, but reasonable)
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To: konaice
The key point, This is Highway Trust Fund money, if not spent there, it does not buy anything else.

No, if not spent, it goes to pay for other highway projects benefiting more than 50 people.

59 posted on 10/02/2005 3:22:58 PM PDT by Alter Kaker (Whatever tears one may shed, in the end one always blows one’s nose.-Heine)
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