FedEx Chief Opposes Vehicle Mileage Tax (VMT)

February 24, 2009 at 12:15 am

(Source:  trafficworldonline.com)

The CEO of one of the largest U.S. transportation companies opposes replacing the gas tax with a vehicle mileage tax, claiming it would be unfair to many motorists.

Replacing the federal fuels tax with a tax on vehicle miles traveled would be “ill-advised,” said Fred Smith, chairman, president and CEO of FedEx, Memphis, Tenn.

Such a levy would “unfairly penalize parts of the country – Montana, North Dakota -where people” have to travel long distances, Smith said Feb. 23 at the National Press Club in Washington, D.C., where he promoted the use of electric vehicles.

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