Tag: Highway Trust Fund: Page 21

Roadbuilding

As highway reauthorization hearing nears, ARTBA proposes 15-cent gas tax increase for 10-year funding

A proposal dubbed “Getting Beyond Gridlock” by the American Road and Transportation Builders Association (ARTBA) would raise $401 billion for highway and mass transit capital investments via a 15-cents-per-gallon increase in federal gas and diesel fuel taxes. The proposal comes less than a week before the House Transportation and Infrastructure Committee holds a hearing on “reauthorizing” federal surface […]

March 13, 2015

Roadbuilding

Can John Oliver’s stand on U.S. infrastructure do for highway funding what “Last Week Tonight” did for net neutrality?

John Oliver, on the latest episode of his HBO program “Last Week Tonight”, aimed his comedic wit at the issue of the need for infrastructure spending in the U.S., much in the same way he targeted the net neutrality issue in 2014. Many pundits believe his call to action last year, funny as it was, helped push […]

March 2, 2015

Roadbuilding

TCC applauds bipartisan congressional letter supporting long-term transportation bill, Highway Trust Fund

Transportation Construction Coalition (TCC) leadership called a recent bipartisan letter from nearly 300 House of Representatives members calling for action on funding transportation improvements a “broad consensus” that a long-term highway and transit bill is a “top priority” and that there is “overwhelming bipartisan support for legislative action.” The letter, sent Feb. 11 to House Speaker John Boehner and Minority […]

February 24, 2015

Roadbuilding

Highway Trust Fund uncertainty to delay $1 billion in Arkansas projects

The cloud of doubt and uncertainty hovering over the Highway Trust Fund (HTF) could delay roughly $1 billion in Arkansas highway projects between now and 2017, according to a report from the Associated Press. Scott Bennett, head of the Arkansas State Highway Transportation Department (ASHTD), said $1.1 billion in highway improvements are in jeopardy. This follows recent announcements that […]

February 23, 2015

Roadbuilding

Obama proposes 6-year, $478 billion highway bill; industry groups voice support

As part of his new, $3.99 trillion budget released Monday, President Barack Obama has proposed $478 billion to fund the country’s transportation and infrastructure work over the next six years. Instead of raising the federal gas tax, Obama’s proposal would be paid for with money generated by a one-time tax holiday for companies with overseas investments. […]

February 2, 2015

Roadbuilding

Sens. Paul and Boxer reach across the aisle, propose corporate tax holiday to boost infrastructure funding

Senators Rand Paul (R-Ky.) and Barbara Boxer (D-Calif.) have proposed a corporate tax holiday to fund U.S. infrastructure projects. The proposal would give businesses a reprieve from penalties for avoiding prior taxes if they agree to move money back to the U.S. and pay a 6.5 percent rate on it. The money collected would then […]

February 1, 2015

Roadbuilding

AAA, ATA, U.S. Chamber of Commerce urge Congress to pass permanent fix for the Highway Trust Fund

With the Highway Trust Fund (HTF) inching ever so closer to insolvency, organizations are redoubling efforts to ensure Congress is passes a permanent fix, rather than a patch. AAA, the American Trucking Associations, and the U.S Chamber of Commerce submitted a joint letter to Congress Jan. 26 urging members of the 114th Congress to raise […]

January 27, 2015

Roadbuilding

Boehner discusses Highway Trust Fund on 60 Minutes

During a 60 Minutes interview, House Speaker John Boehner urged the importance of finding a long-term solution to the Highway Trust Fund, which is currently scheduled to run out of money in May. “The biggest problem we have is that the Highway Trust Fund, which is funded by gasoline taxes, continues to shrink as cars […]

January 27, 2015

Business

U.S. Chamber of Congress, AAA and ATA urge Congress to raise gas tax to fund long-term highway bill

With the Highway Trust Fund (HTF) inching ever so closer to insolvency, organizations are redoubling efforts to ensure Congress is passes a permanent fix, rather than a patch. AAA, the American Trucking Associations, and the U.S Chamber of Commerce submitted a joint letter to Congress Jan. 26 urging members of the 114th Congress to raise […]

January 27, 2015

Roadbuilding

Ohio worker’s death creates urgency on inspecting NJ bridges

Aging infrastructure issues are well-known topics across the political landscape, as President Obama alluded to in his recent State of the Union address. Unfortunately, it takes a tragic incident such as the death of an Ohio construction worker in an overpass collapse to really grab the attention of officials. As a direct result of the Ohio […]

January 26, 2015

Business

Corporate tax code reforms have early bi-partisan support as method for funding long-term highway bill this year

After President Barack Obama made a brief mention of infrastructure funding in his State of the Union address last week, urging Congress to focus on that rather than the Keystone XL pipeline, Vice President Joe Biden has now made his own appeal to lawmakers to fund a long-term highway bill this year. According to a […]

January 26, 2015

Roadbuilding

Fingers crossed: Senate highway bill could be unveiled soon

Senators Rand Paul (R-Ky.) and Barbara Boxer (D-Calif.) may soon unveil a highway funding bill that would direct money to the struggling Highway Trust Fund from taxes on companies’ overseas earnings, according to Politico’s Morning Transportation report from Jan. 22. Paul, however, did not mention any specifics in his announcement about a potential bill of what […]

January 23, 2015