Senate to vote on ending the gas tax

The 7/23/14 12:04 PM EDT By Keith Laing

The Senate will hold a vote this week on a proposal that would eliminate most of the gas taxes that are paid by drivers in the United States.
A proposal to begin phasing out the gas tax, which has been dubbed the Transportation Empowerment Act (TEA), is being […]

July 25th, 2014|funding, gas, taxes|

Senators to Push for Longer Term Transportation Funding Bill This Year

Bond Buyer 7/22/14 3:33pm ET by Jim Watts

DALLAS — Sens. Barbara Boxer, Bob Corker, and Tom Carper will attempt to derail Senate passage of a House-approved 10-month, $11 billion bailout by offering an amendment on the Senate floor that rejects budget gimmicks like pension smoothing and requires passage of a long-term transportation funding measure in […]

July 23rd, 2014|funding, taxes|

Newspapers take dim view of highway funding stopgap

The 7/16/14 3:10 PM EDT By Keith Laing

Major newspaper editorial boards are giving harsh reviews to a nearly $11 billion transportation funding stopgap bill that is moving through Congress.
The measure, which is intended to extend infrastructure spending into next spring, was approved by the House on Tuesday in a 367-55 vote. The Senate […]

July 17th, 2014|funding, gas, Highway Trust Fund, President Obama, taxes|

States Siphon Gas Tax for Other Uses- Makes Them More Reliant on Federal Assistance for New Infrastructure

Wall Street Journal 7/16/14 8:53 p.m. ET By Damian Paletta

States are allotting a growing share of the funds they raise from gas taxes to debt service and spending unrelated to roads and bridges, making them more reliant on federal assistance to pay for new infrastructure.
The shrinking pot of state cash is one reason why […]

July 17th, 2014|gas, Highway Trust Fund, taxes|

Proposition 1 would allow use of oil, gas production taxes

Midland Reporter Telegram 7/16/14 9:27 pm By Rachael Gleason

Local officials and state representatives will be asking voters to consider a Nov. 4 ballot proposition that could provide up to $1.4 billion per year for transportation projects.
Oil and gas production tax collections currently trickle into the state’s rainy day fund, according to Scott Haywood, president of […]

July 17th, 2014|gas, taxes, Texas, TXDot|

Road projects delayed because of federal shortfall

Associated Press 7/2/14 By Adam Beam

FRANKFORT, KY — Kentucky transportation officials have delayed $185 million worth of road construction projects – including a project to widen a dangerous stretch of I-65 -because of a looming shortfall in the federal Highway Trust Fund.
The trust fund is the main way states pay for most major construction […]

July 3rd, 2014|gas, taxes|

Obama Slams Inertia On Highway Fund Fix

Bond Buyer 7/2/14 4:06pm ET By Jim Watts

DALLAS– President Obama blasted Congress, and especially Congressional Republicans, Tuesday for failing to resolve a multi-billion dollar shortfall in the almost-insolvent Highway Trust Fund.
“If this Congress does not act by the end of the summer, the Highway Trust Fund will run out,” Obama said in an address at […]

July 3rd, 2014|Anthony Foxx, congress, funding, gas, President Obama, taxes|