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Keyword: highwaytrustfund

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  • Report: How to Fix Surface Transportation Funding

    01/04/2021 1:23:18 PM PST · by Tolerance Sucks Rocks · 17 replies
    For Construction Pros ^ | December 9, 2020 | Jessica Lombardo
    The surface transportation construction industry has long had to rely on Washington for its prosperity. We spend most years holding our breath and hoping we will receive more Federal funding to fix our crumbling roads, bridges and highway systems. Currently in the United States, 7 percent of bridges are structurally deficient, and 19 percent of major highway pavements have deteriorated. Yet, our existing financing structure has few tools to address the looming reconstruction challenges facing existing infrastructure. In 2020, Congress passed a one-year extension of the Fixing America's Surface Transportation (FAST) Act. While the one-year extension of the FAST Act...
  • Infrastructure Stakeholders to Congress: Fix the Highway Trust Fund

    02/09/2019 1:05:08 AM PST · by Tolerance Sucks Rocks · 11 replies
    Transport Topics ^ | February 7, 2019 | Eugene Mulero
    Nearly a dozen stakeholders representing local governments and the freight and commuter sectors on Feb. 7 urged a House transportation panel to identify a sustainable source of funding for an infrastructure bill. As the panel prepares to craft legislation, lawmakers agreed infrastructure policy should top their priorities this year. Yet, they continue to differ on a way forward for ensuring the sustainability of the dwindling Highway Trust Fund. The idea that former Transportation Secretary Ray LaHood told the Transportation and Infrastructure Committee to consider is increasing and indexing the fuel tax by about 10 cents. Doing so, LaHood argued, would...
  • Road builders want 15-cent gas tax hike

    03/12/2015 10:45:58 AM PDT · by C19fan · 26 replies
    The Hill ^ | March 12, 2015 | Keith Laing
    A group representing road builders said Thursday that the federal gas tax should be increased by 15 cents per gallon to help pay for infrastructure improvements. The American Road & Transportation Builders Association (ARTBA) said increasing the gas tax this year would raise $401 billion for new transportation spending. The gas tax hike could be offset with a “federal tax rebate for middle and lower income Americans for six years,” the group suggested.
  • John Thune Puts Gas Tax Hike on the Table for GOP Senate(yep,GOP that is really important right now)

    01/05/2015 5:35:44 AM PST · by bestintxas · 28 replies
    breitbart ^ | 1/4/15 | d riehl
    The incoming chairman of the Senate Commerce, Science and Transportation Committee, Sen. John Thune (R-SD) put all options on the table when it comes to replenishing the shrinking Highway Trust Fund, which is widely seen as opening the door to a tax increase. Per an AP report, “Gas and diesel taxes haven’t risen since 1993, resulting in perennial shortfalls in the fund that pays for most road projects”. Several commissions have called for raising the taxes, but Congress has been reluctant. Instead lawmakers have dipped repeatedly into the general treasury to keep the trust fund solvent. The federal gas tax...
  • Incoming Senate chairman: Gas tax increase on table

    01/04/2015 11:52:21 AM PST · by Olog-hai · 134 replies
    Associated Press ^ | Jan 4, 2015 10:31 AM EST
    The incoming chairman of the Senate Commerce, Science and Transportation Committee says raising the federal fuel taxes is among the options under consideration to replenish the dwindling Highway Trust Fund. Sen. John Thune of South Dakota says all options must be looked at to fill an enormous shortfall when the existing highway legislation expires in May. …
  • Lawmakers embrace budget gimmick to fund highways

    07/16/2014 12:16:30 AM PDT · by Olog-hai · 1 replies
    Associated Press ^ | Jul 16, 2014 3:07 AM EDT | Andrew Taylor
    If there’s anything that can unite Democrats and Republicans in the partisan swamp of Capitol Hill, it’s free money. […] Lawmakers revived pension smoothing Tuesday to help find money for a government fund that finances highway construction projects. …
  • JOSEPH GIGLIO: Let the Highway Trust Fund crumble

    07/14/2014 11:46:51 AM PDT · by Tolerance Sucks Rocks · 18 replies
    The Quincy Patriot Ledger ^ | July 12, 2014 | Joseph Giglio
    The federal Highway Trust Fund, which provides transportation funding to the states, is projected to run dry in August. But with a technology-driven revolution underway in the way Americans use surface transportation, applying yesterday’s solution and simply replenishing the fund won’t solve the problem. According to the Obama administration, if the fund is exhausted, states will be forced to put off 112,000 highway construction and 5,600 transit projects, resulting in the loss of 700,000 jobs. When dealing with the government, there are always plenty of zeroes to go around. The traditional source of revenue for the trust fund is the...
  • House and Senate in Different Lanes on Dwindling Highway Trust Fund

    07/14/2014 7:15:08 AM PDT · by SeekAndFind · 19 replies
    Pajamas Media ^ | 07/14/2014 | Bill Straub
    WASHINGTON – The federal Highway Trust Fund, which contributes to road building and maintenance projects across the country, is expected to run out of money in early August, leading some states to issue plans to halt construction in case the well runs dry. The House and Senate are considering dueling packages and have not reached an agreement on how to address the fund’s impending insolvency. Transportation Secretary Anthony Foxx has advised governors that reimbursements may slow to a trickle if the chambers can’t agree in time. Foxx told the states his department “will continue to take every possible measure to...
  • David Brooks: Obama 'Impeachment Is Obviously Cloud Cuckoo Land'

    07/12/2014 12:10:35 PM PDT · by EveningStar · 37 replies
    Breitbart TV ^ | July 11, 2014 | Jeff Poor
    On Friday's broadcast of PBS's "NewsHour" New York Times columnist David Brooks and Creators Syndicate columnist Mark Shields took on the House Speaker John Boehner's lawsuit against the Obama administration, which alleges oversteps in executive authority by the Obama White House. Both acknowledged Boehner's gripe with the Obama administration had merit, but were skeptical of the lawsuit's chances. However, they both also took on the alternative offered by former Gov. Sarah Palin (R-AK), which was to impeach President Barack Obama. Both dismissed that course of action as well, with Brooks calling it "cloud cuckoo land."
  • OBAMA: My Highway Plan Is 'Not Crazy, It's Not Socialism, It's Not The Imperial Presidency'

    07/01/2014 12:55:23 PM PDT · by SeekAndFind · 52 replies
    Business Insider ^ | 07/01/2014 | Brett LoGiurato
    A rather exasperated President Barack Obama pressed Congress to find a solution to the looming Highway Trust Fund crisis, arguing "it's not socialism" to want to build new highways and bridges in the country. "It's not crazy. It's not socialism. It's not the imperial presidency," Obama said Tuesday afternoon during a speech in front of the Georgetown waterfront with the Key Bridge in the background. "We're just building roads and bridges, like we have for the past 50 years." The Highway Trust Fund is a transportation and infrastructure fund financed by gasoline taxes. It is headed towards insolvency because the...
  • Senators propose 12-cent gas tax increase

    06/18/2014 9:48:43 AM PDT · by Olog-hai · 72 replies
    Associated Press ^ | Jun 18, 2014 12:17 PM EDT | Joan Lowy
    Two senators unveiled a bipartisan plan Wednesday to raise federal gasoline and diesel taxes for the first time in more than two decades, pitching the proposal as a solution to Congress’ struggle to pay for highway and transit programs. The plan offered by Sens. Chris Murphy, D-Conn., and Bob Corker, R-Tenn., would raise the 18.4-cents-a-gallon federal gas tax and 24.4-cents-a-gallon diesel tax by 12 cents each over the next two years, and then index the taxes to keep pace with inflation. The plan also calls for offsetting the tax increases with other taxes cuts. …
  • Diana Furchtgott-Roth: End the highway trust fund

    01/07/2011 6:17:26 AM PST · by Tolerance Sucks Rocks · 6 replies
    The Washington Examiner ^ | January 6, 2011 | Diana Furchtgott-Roth
    Imagine if the government taxed you for food, then gave you the money back for groceries and told you what you had to buy, and where you could buy it. That's what the government is doing to states with transportation spending, and the new 112th Congress should restore sanity by returning fuel taxation and highway spending to the states. Congress levies taxes of 18 cents for gasoline and 24 cents for diesel, puts the revenue into the Highway Trust Fund, then returns it to the states to spend on transportation. States in the Northeast, the Pacific Northwest, the Rocky Mountains,...
  • TTC plans for U.S. Hwy. 59 may not come to fruition

    08/30/2008 5:53:24 PM PDT · by Tolerance Sucks Rocks · 8 replies · 370+ views
    The Daily Sentinel ^ | August 28, 2008 | Andrew Goodridge
    The Pineywoods Sub-Regional Planning Commission met Thursday to hear a presentation by the commission's president, Hank Gilbert, who said the plans to move the Trans-Texas Corridor to the current U.S. Hwy. 59 location may not come to fruition. The Texas Department of Transportation initially planned to build a new highway system, which would have been as large as 1,200-feet wide, that would run through rural areas of East Texas, including Nacogdoches County. However, TxDOT scrapped those plans in June and announced a new proposal to build the TTC along the existing route of U.S. Hwy 59. But Gilbert, of the...
  • Gas tax won’t save I-35 project; raising excise tax wouldn’t be a popular move today

    04/04/2008 7:30:08 AM PDT · by Tolerance Sucks Rocks · 25 replies · 364+ views
    The Temple Daily Telegram ^ | April 4, 2008 | Paul A. Romer
    BELTON - There appears to be no easy way to address the challenges that inflation has brought to the Texas Department of Transportation. “We’ve seen 60 percent inflation over the last five years for transportation projects,” said Chris Lippincott, a TxDOT spokesman. To look to the federal government for assistance would appear foolhardy at this point as the Federal Highway Trust Fund is expected to become insolvent by 2009. The fund was created in 1956 to ensure a dependable source of financing for U.S. interstates and highways. “The Federal Highway Trust Fund is expected to go into the red very...
  • Toll road foe a powerful force

    05/20/2007 3:00:16 PM PDT · by Tolerance Sucks Rocks · 7 replies · 881+ views
    San Antonio Express-News ^ | May 19, 2007 | Patrick Driscoll
    In many ways, Terri Hall was on a collision course with Texas toll road policies long before she and her family loaded up their van and drove from California to the Hill Country three years ago. A lifetime of volunteering, a hunger for staying on top of politics, and strong religious and moral convictions helped hone Hall's activist instincts. Her brains, drive, superb speaking skills, engaging personality and wholesome good looks — noted by friends and enemies alike — make Hall especially effective. They help explain why this 37-year-old mother of six is a leading force in a populist assault...
  • Officials eye narrowing path of Corridor-69

    03/20/2006 3:51:55 PM PST · by Tolerance Sucks Rocks · 9 replies · 456+ views
    Corpus Christi Caller-Times ^ | March 20, 2006 | Brandi Dean
    Ideas for Trans-Texas Corridor-69 are slowly but surely rolling right along. The concept, which was known as Interstate Highway 69 until 2002, has been around for more than a decade, but Gaby Garcia, spokeswoman for the Texas Department of Transportation's turnpike division, said it's getting closer to becoming a reality. "What we're looking at now is taking all the comments we've received and identifying a narrowed study area," Garcia said. "That's where we get a specific area where people can say, 'How would this affect my property?' " Right now, she said, the projected path for the corridor cuts a...