Filed in Gasoline Tax
Wednesday, July 16, 2014
The House of Representatives voted by a 367-55 margin to approve H.R. 5021, the Highway Transportation and Funding Act of 2014, which will keep federal transportation funding intact through May 2015.
Monday, April 14, 2014
With no fuel tax increase likely ahead of this year’s mid-term elections, trucking interests in Washington are moving to Plan B in their attempt to shore up funding for badly needed infrastructure improvements.
Posted on 04/14 at 11:27 PM
Gasoline Tax •
Thursday, April 03, 2014
As we have written about extensively, having sufficient capital in the HTF is critical as its revenues are allocated for federal highway, transit, and highway safety programs. But as we also know the main funding source for the HTF, the federal gasoline tax, has not increased from its current levels of 23.4 cents for diesel and 18.4 cents per gallon of gasoline since 1994. What’s more, diesel taxes represent about 90 percent of Highway Trust Fund (HTF) net revenues.
Thursday, December 05, 2013
Earlier this week, Rep. Earl Blumenauer (D-OR) introduced legislation that would gradually increase the existing federal fuel tax levels by 15 cents over the next three years.
Posted on 12/05 at 11:52 AM
Gasoline Tax •
Fuel Tax •
Wednesday, October 02, 2013
Whether or not the federal government is open or not, one thing (among many, to be sure) that remains largely inactive is the lack of any semblance of meaningful progress when it comes to fixing the many issues stemming from the federal gasoline tax.
Thursday, July 25, 2013
The fact that the Highway Trust Fund (HTF) is financially challenged comes as no surprise to anyone involved in freight transportation and supply chain circles. What’s more, now that it is on the verge of insolvency, how to address that problem appears to be gaining traction in Congress. That was a major takeaway of a hearing hosted this week by the House Subcommittee on Highways and Transit entitled “How the Financial Status of the Highway Trust Fund Impacts Surface Transportation Programs.”
Friday, March 02, 2012
If you thought that getting a new federal transportation bill in place would be an easy and fluid process, think again. Any assumptions that meaningful progress would be occurring at this point is pretty much a pipe dream.
Wednesday, December 14, 2011
A report released by the Institute on Taxation and Economic Policy stated that "State lawmakers reluctant to update gas taxes have cost their states, on average, $201 million in annual revenues. These losses are exacerbated by the fact that the federal gas tax, which also supports state transportation projects, has lost 41 percent of its value since it was last raised in 1993."
Posted on 12/14 at 03:17 PM
Gasoline Tax •
Thursday, October 27, 2011
U.S. Chamber of Commerce President and CEO Thomas J. Donohue said the nation must spend more on infrastructure and mildly endorsed the need to increase the federal fuel tax, which stands at18.4 cents on gasoline, 23.4 cents on diesel and has been unchanged since 1993.
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Monday, October 17, 2011
If the tax-adverse Congress can figure out how to pay for it, the stalled highway bill in Washington will pass at adequate funding levels to meet some of the nation’s dire infrastructure needs. That’s the word from Transportation Secretary Ray H. LaHood,