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, 2014Business
States 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, 2014Business
Senators 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, 2014GovernmentBusiness
Senators 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, 2014GovernmentBusiness
Senate 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, 2014GovernmentBusiness
Foxx: 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, 2014GovernmentBusiness
DeFazio 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, 2014Business
Senators Introduce Six-Year Highway Bill
A key Senate committee introduced a six-year transportation bill that includes an expanded freight program.
May 14, 2014Business
Senate to Unveil Transport Bill as Hearings Focus on Funding
WASHINGTON — Senate leaders said late last week that a six-year transportation reauthorization bill that would maintain current spending levels will be introduced May 12.
May 12, 2014GovernmentBusiness
House Transportation Bill Funds Highway Account, Safety Programs
House appropriators unveiled a transportation bill May 6 that would provide more than $52 billion for infrastructure and housing programs in fiscal 2015, and fund a key federal highway account if congressional policy writers pass a new highway bill this year.
May 6, 2014