Tag: Obama budget

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

CBO: Highway Trust Fund would shortfall under Obama’s proposed budget

The Highway Trust Fund (HTF) would run out of money under President Barack Obama’s proposed $302 billion, four-year highway budget, according to data released from the Congressional Budget Office (CBO). In addition to allocating funds to various transportation sectors, the bill offers a one-time $150 billion cash infusion. However, the CBO says that is not […]

April 21, 2014

Equipment

Obama budget slashes funding for DERA’s emissions reduction program

Let’s see…Solyndra gets $535 million in government cheese, goes belly up without ever producing a single product or service.  Al Gore-connected Fiskars gets half a billion government  dollars to build $97,000 electric cars in Finland, only 40 of which are being produced. Only movie stars can afford these, and even the New York Times says […]

April 12, 2013

Business

Obama’s 2014 budget includes $50B for infrastructure, “full support” for MAP-21

President Barack Obama has submitted his 2014 Fiscal Year Budget to Congress and a great deal of money has been set aside for construction projects. According to a report from our sister site Better Roads, Obama’s $3.8 trillion budget includes $50 billion for infrastructure repairs. Of that amount, $40 billion will go directly to Obama’s […]

April 12, 2013