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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: longnshort who wrote (146685)11/10/2008 1:04:05 PM
From: tonto1 Recommendation  Read Replies (1) of 173976
 
The Highway Trust Fund (HTF) was founded by the 1956 Highway Revenue Act. Prior to the HTF, funds were directed from the General Fund of the U.S. Treasury. Originally, the fund was dedicated solely to highways. Yet, the Highway Revenue Act of 1982 mandated a separate account to support mass transit. Effective April 1, 1983, a Mass Transit Account was created to receive a portion of the motor fuel taxes and receives about 2.86 cents per gallon of gas.
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