Sen. Corker: Wyden's Trust Fund Plan a 'Complete Sham'
The Senate Republican co-sponsoring a proposal to raise the national tax on motor fuels called a bill that would provide a short-term boost for a cash-strapped federal highway account a “complete sham,” signaling the lack of GOP support for the legislation ahead of its June 26 committee consideration.
June 25, 2014Sen. Wyden Proposes Increase to Truck Tax for Trust Fund Short-Term Fix
The chairman of the Senate Finance Committee offered a draft proposal June 24 that would increase a tax on heavy trucks as a means of keeping the federal highway account solvent through the end of the year.
June 24, 2014House GOP Leader McCarthy Opposes Gas Tax Increase
Incoming House Majority Leader Kevin McCarthy (R-Calif.) said on June 22 he wouldn’t support increasing the federal tax as a legislative solution for shoring up a federal highway account that funds highway programs at the state level.
June 23, 2014States Slow Highway Projects as US Funding Crisis Looms
State transportation officials said they are pulling construction projects from monthly bidding advertisements and drawing up contingency plans in case there’s a shut-off of federal highway money this summer.
June 23, 2014Senators Propose Saving Highway Trust Fund By Raising Fuel Taxes 12¢ Over Two Years
With a federal highway account that supports infrastructure projects close to insolvent, two senators have unveiled a plan aimed at averting an imminent deficit.
June 23, 2014Senators Propose Raising Federal Motor Fuels Tax to Boost Trust Fund
Two senators on June 18 unveiled a plan aimed at boosting a federal highway account used by states to pay for infrastructure projects that the federal government estimates will run out of money in August.
June 18, 2014Senate Republicans Urge Finance Committee Chairman To Approve Short-Term Trust Fund Fix
Nearly every Republican on the Senate Finance Committee has asked the panel’s Democratic chairman to approve a short-term legislative fix that would shore up a federal highway account projected to run out of money in August.
June 17, 2014Foxx: Highway Trust Fund Will Run Dry by Late August
Transportation Secretary Anthony Foxx on June 17 said a federal highway account that helps states pay for roadway projects is still projected to run out of money by late August, threatening many large-scale construction projects around the country.
June 17, 2014House Approves Fiscal 2015 Spending Bill, Blocks Increasing Minimum Insurance Levels
The GOP-led House last week narrowly passed a fiscal 2015 transportation funding bill, which included a measure to prohibit the Federal Motor Carrier Safety Administration from raising minimum liability insurance requirements for trucking and bus companies.
June 16, 2014DeFazio Introduces Bill to Replace Gas Tax with Barrel Tax on Oil
WASHINGTON — Rep. Peter DeFazio (D-Ore.) has introduced a bill to replace the gasoline tax with a barrel tax on oil, eliminate the sales tax on truck tires, and index the diesel tax to inflation.
June 12, 2014