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Two congressional leaders who have been working on tax reform for the past couple of years are getting closer to drafting proposals that could include renewed commitment to highway funding.
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Two trucking organizations have slammed a new study that calls for placing tolls on the nation’s Interstate system as a way to pay for improvements and repairs, calling tolling "a wildly unpopular concept" and just another name for a tax.
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Legislation has been introduced in the U.S. House to discourage any increase in the 12% Federal Excise Tax on the purchase of heavy-duty trucks and trailers, a measure that has been discussed as one way to raise more money for highways.
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President Obama proposed a tax reform deal that would include a big, one-time investment in infrastructure. In remarks Tuesday at an Amazon Fulfillment Center in Chattanooga, Tenn., Obama said he would support lowering the corporate tax rate from 35% to 28%, and to 25% for manufacturers.
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At a hearing on the Highway Trust Fund Tuesday it was clear that the key House transportation committee has some distance to go before it can achieve consensus on how the fund could be made whole, or even if it should be preserved.
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The House Subcommittee on Highways and Transit, chaired by U.S. Rep. Tom Petri (R-WI), will hold a hearing next Tuesday regarding the current financial status of the Highway Trust Fund and its impact on federal surface transportation programs.
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After the Pennsylvania state legislature failed to approve a plan to raise new money for bridge and road repairs, the state Department of Transportation says it will put lower weight limits on some of the state's bridges to try to extend their useful life.
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Would Americans favor additional taxes and fees to support the nation's transportation infrastructure? A variety of questions on that topic were posed to a sample of people in a nationwide survey.
Read More →A new report says despite some improvements in the past decade, a substantial number of U.S. bridges are still in poor condition. The report from the Government Accountability Office was in response to the May collapse of a bridge along Interstate 5 in Washington state.
Read More →There’s a new entrant in the field of ideas for how to pay for infrastructure investment. Rep. John Delaney (D-Md.) is proposing a bill to provide $50 billion in loans and loan guarantees, financed by the sale of infrastructure bonds.
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