Tag: Highway Trust Fund: Page 5

Roadbuilding

House tax reform disregards highway funding, ARTBA says

A national transportation association says the U.S. House “has dropped the ball” on highway funding with its new tax bill. The bill, designed to provide corporate and individual tax relief, fails to address the Highway Trust Fund, which the American Road & Transportation Builders Association says will become insolvent in 2021. ARTBA also said in […]

November 21, 2017

Roadbuilding

No growth in FY17 for Highway Trust Fund excise tax receipts

Government receipts from all excise taxes in the Highway Trust Fund showed no overall growth in the federal fiscal year that ended September 30. That’s because a big drop in retail taxes on commercial trucks more than offset slight fuel-tax gains, according to the American Association of State Highway and Transportation Officials (AASHTO). The association […]

November 2, 2017

Roadbuilding

Six states awarded $15.5 million in federal grants to explore new ways to pay for highways

Six states have been awarded $15.5 million in federal grants to explore new ways to fund highway and U.S. bridge projects, which the Federal Highway Administration calls “imperative.” The agency points to the Highway Trust Fund’s “gradual inability to keep pace with increasing construction and repair costs nationwide” as the reason we need alternatives to […]

October 24, 2017

Roadbuilding

Road revenue gap worries transportation officials

Despite vehicle miles traveled reaching a record high, collections for the federal Highway Trust Fund have been flat for the last 10 months of the current fiscal year, according to the AASHTO Journal of the American Association of State Highway and Transportation Officials. The fund, which is composed of federal gas taxes and taxes on […]

September 13, 2017

Roadbuilding

A renewed push for corporate tax reform to fund infrastructure projects

Rep. John Delaney (D-Md.) has been an advocate for bipartisan legislation to use revenues from overhauling the international tax code to pay for infrastructure upgrades. Now he is renewing a push for infrastructure and tax reform this fall, since the administration has not yet come up with a plan to pay for President Trump’s proposed […]

August 24, 2017

Roadbuilding

Senate panel rejects Trump’s proposed transportation funding cuts

The Senate Appropriations Subcommittee on Transportation, Housing, and Urban Development shot down President Trump’s attempt to eliminate transportation grants by voting for a 2018 spending bill that includes $550 million for the Transportation Investment Generating Economic Recovery (TIGER) grant program, which provides cities and states with cash for surface transportation projects, The Hill reports. The bill […]

July 27, 2017

Roadbuilding

Bloomberg poll: 55% of Americans support gas tax increase to fund bridges and roads

A Bloomberg National Poll shows 55 percent of Americans would support a gas tax increase for funding bridge and road projects. The question was one of multiple queries posed to respondents July 8-12. Selzer & Company conducted the poll of 1,001 U.S. adults ages 18 and over. Forty-one percent responded that it was “Not Okay” […]

July 21, 2017

Roadbuilding

House panel approves $646 million cut to USDOT funding

The House Appropriations subcommittee on transportation, housing and urban development has approved a bill providing for $17.8 billion in discretionary funding for the U.S. Department of Transportation for fiscal year 2018. The measure is a cut of $646 million compared to FY 2017, but is more than $1 billion higher than President Trump has requested. […]

July 13, 2017

Roadbuilding

Trump’s budget calls for $200 billion to support $1 trillion infrastructure investment

The Trump Administration’s budget outline released this week continues to reference the much-touted $1 trillion in infrastructure investments and proposes $200 billion in public support over 10 years to reach the figure. The $1 trillion amount “will be funded through a combination of new Federal funding, incentivized non-Federal funding, and newly prioritized and expedited projects,” […]

May 25, 2017

Roadbuilding

ASCE Infrastructure Report Card gives U.S. roads a D grade

The American Society of Civil Engineers (ASCE) has given U.S roads an overall D grade in its 2017 Infrastructure Report Card. “America’s roads are often crowded, frequently in poor condition, chronically underfunded, and are becoming more dangerous,” ASCE says in its report. “More than two out of every five miles of America’s urban interstates are […]

March 13, 2017

Roadbuilding

Tenn. Governor unveils IMPROVE Act for transportation project updates

Tennessee Gov. Bill Haslam has released a legislative proposal aimed at improving the state’s transportation network to bolster future job growth, while cutting taxes on food and manufacturing. The proposal is dubbed the IMPROVE Act, also known as “Improving Manufacturing, Public Roads and Opportunities for a Vibrant Economy.” “Under the conservative fiscal leadership of the […]

January 20, 2017

Roadbuilding

Eisenhower, founders of Caterpillar among ARTBA inductees for Transportation Development Hall of Fame

The American Road & Transportation Builders Association (ARTBA) announced the addition of four individuals to its Transportation Development Hall of Fame, which honors individuals or families from the public and private sectors who have made extraordinary contributions to the development of transportation in the United States during their careers. Nominations are made in the following two […]

December 6, 2016