highway trust fund

McCain-Clinton Gas Tax Plan to Cost California 23,107 Jobs?

[courtesy of California Progress Report]

Robert-Cruickshank.gifBy Robert Cruickshank

That's the claim from the American Road & Transportation Builders Association, which has a study showing how the gas tax cut will affect jobs in each state.

The assumption the AR&BTA is using is that the tax cut would blow a $9 billion hole in the federal transportation budget. Based on FY 07-08 expenditures CA's share of that would be $664,406,924. The association then estimates that 23,107 jobs would be lost here in California - roughly equivalent to the proposed school layoffs - over the next three years.

No wonder then that local transportation agencies across the state are denouncing this foolish proposal. From Santa Cruz:

“"It would deplete an already oversubscribed highway trust fund, making a bad situation worse," commission Executive Director George Dondero said. "We're trying to get the government to generate more money for transportation, not less."

“Dondero said he didn't know how much the county could lose, just that "future projects would have to wait."

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