Filed in Highway Trust Fund
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.
Monday, October 28, 2013
Things are nowhere near perfect when it comes to solutions for transportation funding and how to make things better. But even with the angst and the related risks in today’s political sphere, it is clear that some baby steps toward some type of progress are actually happening, albeit at a very slow pace.
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.”
Tuesday, June 26, 2012
The Highway Trust Fund (HTF) currently takes in and pays out about $35 billion per year— excluding transfers from the Treasury General Fund. What started off as a user-fee system to pay for highway construction and repair has morphed into a large federal “cookie jar” that politicians use to direct money to their favorite causes while our highways and bridges deteriorate at an alarming pace. Now is the time to take the cookie jar back.
Friday, June 22, 2012
Thanks in part to heavy last-minute lobbying by the U.S. Chamber of Commerce, as well as other groups including freight transportation shippers, House and Senate conference committee members were furiously at work to produce a multi-year bill before the current funding mechanism expired on June 30.
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.
Friday, December 02, 2011
There is different type of football being played in the nation’s capital when it comes to long-term transportation funding. And that is called political football. It is likely you have heard of it, especially since SAFETEA-LU expired in September 2009.
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,
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Thursday, July 21, 2011
Following a proposed multi-year transportation reauthorization by the Republican Leadership of the House Transportation and Infrastructure Committee, the Senate’s Committee on Environment and Public Works has unveiled an outline for its take on new legislation.