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, 2014Government, Business
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, 2014Government, Business
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, 2014Government, Business
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, 2014Government, Business
Senate Panel to Review Cash-Strapped Highway Trust Fund May 6
Senate tax writers will examine ways to keep the Highway Trust Fund’s road and transit programs funded before the account runs out of money later this summer.
May 5, 2014Government, Business
DOT Sends Bill to Congress
The four-year, $302 billion highway bill Transportation Secretary Anthony Foxx sent Congress on April 29 proposes reforms to certain corporate taxes as a way to bolster a dwindling federal highway account that helps states fund large-scale infrastructure projects.
May 5, 2014Business
Highway Congestion Cost Trucking $9.2 Billion Last Year, ATRI Says
Congestion on interstate highways cost the trucking industry more than $9.2 billion in operational costs last year, according to the American Transportation Research Institute.
May 1, 2014Government, Business
Foxx Sends Four-Year Transportation Bill to Congress
Transportation Secretary Anthony Foxx sent Congress a four-year transportation bill that relies on business tax reforms as a way to boost funds for a federal highway account that is quickly running out of money.
April 29, 2014