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Congressional passage of a short-term patch for the Highway Trust Fund will avert the immediate crisis but not be cause for celebration, said Transportation Secretary Anthony Foxx. Foxx and other transportation leaders are calling on Congress to preserve long-term funding for surface infrastructure.
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Congress is inching closer to passage of a stopgap measure to prevent the Highway Trust Fund from drying up this summer. The House this week passed a $10.6 billion bill and the Senate is going to choose between a similar measure or a long-term bill.
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The U.S. House on Tuesday passed legislation on Tuesday afternoon providing enough money for the Highway Trust Fund through May 2015.
Read More →The U.S. House could vote as soon as early next week on legislation to prop up the Highway Trust Fund, before it runs out of money.
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In an effort to prevent a shutdown of the federal transportation program, the Senate Finance Committee has drafted a proposal to keep the Highway Trust Fund solvent through the end of the year. The original version of the proposal included an increase in the heavy vehicle use tax, but that provision was dropped in deference to Republican concern about the proportion of revenue raisers to spending cuts in the proposal.
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Sen. Ron Wyden, D-Ore., is proposing a three-month patch to keep the Highway Trust Fund solvent through the end of the year. The patch would be paid for with general funds, balanced by adjustments including raising the heavy vehicle use tax.
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Partisan differences halted Senate debate on an appropriations bill that includes a suspension of the 34-hour restart provision of the hours of service rule. As the debate began, Sen. Cory Booker, D-N.J., introduced an amendment that would change Sen. Susan Collins’s provision calling for suspension of the restart and a study of its impact.
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Amid warnings about a looming cutoff in highway funding, two Senators are proposing an old-fashioned fix: raise the federal fuel tax. Sens. Chris Murphy, D-Conn., and Bob Corker, R-Tenn., proposed raising gasoline and diesel taxes six cents a year for two years, then indexing them to the Consumer Price Index.
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In late April, Tom Sanderson, CEO of the third-party logistics company Transplace, participated in a roundtable on Capitol Hill about highway funding. As we inch closer to the deadline and the Highway Trust Fund is heading into the red, he offers his impressions of that event.
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The effort to suspend the hours of service restart provision will come to a head on the Senate floor this week, possibly this afternoon.
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