The leaders of the Senate Finance Committee said on June 26 they will plan to meet during the week of July 7 to consider a short-term patch for a cash-strapped highway account.
June 26, 2014Government, Business
Senate Panel Drops Truck Tax, Postpones Vote On Trust Fund Bill
Business
Senate Panel Discussed Highway Trust Fund Patch
The Senate Finance Committee discussed measures June 26 to help boost the Highway Trust Fund, which is in danger of running dry by August.
June 26, 2014Government, Business
Sen. Carper to Propose Gas Tax Increase at June 26 Trust Fund Hearing
Sen. Tom Carper (D-Delaware) said he plans to propose an increase to the national gas tax as a way to generate money for transportation projects when the Senate Finance Committee meets to advance a short-term boost for a federal highway account.
June 25, 2014Government, Business
Sen. Boxer Backs Democrats’ Trust Fund Patch, Urges Action On Highway Funding
The Senate’s top transportation leader expressed her support for a $9 billion plan to provide a short-term funding boost for a federal highway account, a day before a Senate committee’s consideration of the plan.
June 25, 2014Government, Business
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, 2014Government, Business
Sen. 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, 2014Government, Business
House 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, 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, 2014Government, Business
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, 2014