Saturday, May 10, 2008

The RIGHT Way to Do Gas-Tax Holiday

Unlike some who think that adding to the national debt is just fine, Paul Ryan actually can add and subtract.

Wisconsin’s 1st District Congressman Paul Ryan introduced legislation today that would impose a one-year earmark moratorium and strengthen the paychecks of American families. With the savings from this break in pork-barrel spending, Congress would provide some relief at the pump this summer and make much needed investments in our nation’s infrastructure. “The Gas Tax Relief and Earmark Moratorium Act of 2008” was unveiled at today’s Joint Hearing before the House Budget Committee and House Transportation Committee, which focused on financing infrastructure investments.

...With the revenues saved from the earmark moratorium, his bill would replenish the Highway Trust Fund, a critical source of funding aimed to strengthen our nation’s infrastructure. The Gas Tax Relief and Earmark Moratorium Act would go a step further by shoring up the fund’s projected shortfall for the coming fiscal year.

This is called "responsible governing."

HT: Stepping Right Up

2 comments:

jaybullock said...

Earmarks don't create new spending. Earmarks direct how already-budgeted monies be spent. If Congress didn't tell agencies how to spend the money, the money would still be spent, just more at the agencies' discretion.

Dad29 said...

Your understanding differs from Ryan's--OR it's possible that he would simply direct all "earmarked" monies to the highway trust fund.

Of course, if a Congress-pig couldn't spend other people's money in HIS district, then why bother to jack up spending for earmarks?