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Tag: President Barack Obama
Roadbuilding
With oil prices plummeting, Obama says now is time to raise gas tax
Gas prices are continuing to drop to historic lows, and there’s really no sign the trend will reverse any time soon. With that in mind, President Barack Obama thinks now is as good a time as any to raise the gas tax. According to The Hill, Obama told reporters last week the low prices on […]
February 9, 2016
Business
Caterpillar’s call for engagement with Cuba more than just a sly business move
Early this week Caterpillar sent out a press release calling for an end to the trade embargo against Cuba. This was in response to President Obama’s easing of sanctions and the announcement of an American embassy to be built in Havana. All of this is good news for Cuba and for us, and it demonstrates […]
July 24, 2015
Roadbuilding
Obama signs 2-month extension for highway funding, calls for end of patches
President Barack Obama signed a two-month extension of the Highway Trust Fund into law May 29. According to a report from The Hill, Obama signed the bill to extend the funding, but the administration took time to call for an end to the constant patches for infrastructure funding. Press secretary Josh Ernest said the White House […]
June 1, 2015
Roadbuilding
White House releases infrastructure planning and design guide
The White House has made available the “Federal Resource Guide for Infrastructure Planning and Design” as part of President Obama’s Build America Investment Initiative launched last July. The guide was released May 5, the same day the White House held a roundtable with infrastructure experts in partnership with the Rockefeller and Ford Foundations. The meeting’s purpose […]
May 7, 2015
Roadbuilding
Senate fails to override veto on Keystone XL pipeline construction
President Obama’s veto of the Keystone XL pipeline remains intact after the Senate could not muster enough votes March 4 to override the decision. The president vetoed Senate bill S. 1 in late February. The Senate fell just a few votes shy of the two-thirds majority needed in a 62-37 vote, according to a report […]
March 5, 2015
Roadbuilding
Obama vetoes Keystone XL pipeline construction; bill heads back to Congress
Citing a contempt for the national interest on the part of Congress, President Barack Obama vetoed a bill that would have cleared the way for construction of the Keystone XL oil pipeline. The move comes two weeks after Senate bill S. 1 was passed by the House of Representatives and more than a month after the […]
February 24, 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
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
Business
Obama urges Congress to focus on improving infrastructure rather than Keystone XL in State of the Union
President Barack Obama in his sixth State of the Union address made little mention of issues related directly to construction and transportation, which has in years past come in the form of the president pushing Congress to do more to fund highways and other transportation infrastructure. Unlike recent years, however, the president only briefly addressed transportation infrastructure […]
January 21, 2015
Business
Contractors, construction equipment manufacturers have much to gain from restoration of trade with Cuba
Though the restoration of diplomatic relations between the U.S. and Cuba has a long way to go, construction is firmly planted among the industries with the most to gain from the reversal of the half-century-old political stalemate announced by President Barack Obama last week. On Wednesday, Obama announced that he was ordering a full restoration […]
December 22, 2014
Roadbuilding
President Obama to urge for private investments
If a multiyear solution to the Highway Trust Fund is unable to be reached, President Barack Obama will look into private investors to help fix roads and bridges around the country. That would likely mean more tolls for drivers as companies will look for ways to profit off of their investments. “There are lots of […]
July 21, 2014
Business
House passes $10.8 billion quick fix as highway construction funding nears insolvency
The House on Tuesday passed a nearly $11 billion quick fix that would stave off the looming insolvency of the Highway Trust Fund (HTF), the primary source of federal funding for road construction and repairs. The bill passed a week after the White House and transportation officials urged lawmakers to try and find a long-term […]
July 16, 2014
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