sits within a day's drive of 60 percent of the nation's population. Every year, nearly half-a-trillion dollars worth of goods and services move through our state transportation system,'' Corbett said.
"Transportation is the bloodstream of our economy. If it fails, our economy fails.
"Our customary way of funding transportation has fallen short of our needs. Travel patterns have changed. Cars have become more fuel-efficient. People buy less at the pump.
"Coupled with rising construction costs and a lack of serious action from the federal government, this drop in revenue threatens our roads and bridges, and with them, our safety and our livelihoods.''
As a long-term solution, Corbett proposes:
- A 17 percent reduction on the flat tax paid by consumers at the pump.
- A five-year phase out of an artificial and outdated cap on the tax paid by oil and gas companies on the wholesale price of gasoline.
"This cap was put in place at a time experts assumed the price of a gallon of gas would never go beyond
. It has gone to more than triple that rate in recent years,'' Corbett said.
"This is not a new tax, nor am I proposing to increase the rate of the existing tax. I am simply saying the time has come to apply it to the full value of what the company is selling, it is time for the oil and gas industry to pay their fair share of the cost of the infrastructure supporting their industry.
"Our most costly option would be to do nothing. It will cost us in repairs. It will cost us in rebuilding. And it could cost us in tragedies we might have avoided.''
"This budget makes it clear that we are committed to providing Pennsylvanians with the best health care options at the most affordable price for the taxpayers,'' Corbett said.