Highway Trust Fund

The Senate will hear four amendments to the House bill, passed July 15, in the last week of July. Sens. Boxer, Carper, and Corker want the funding extension to terminate on December 19 rather than May 31. On August 1, DOT reduces payments to states.

July 27, 2014 - The Wall Street Journal

In a segment The Daily Show calls "Shabby Road" (complete with photoshopped image of President Obama, Rep. John Boehner, Sen. Harry Reid, and Vice President Biden as the Beatles), Jon Stewart takes down Congress' inaction on the Highway Trust Fund.

July 18, 2014 - The Daily Show

By a vote of 367-55, the House passed Rep. Dave Camp's "pension smoothing" bill to provide ten months of funding for the deficit-plagued Highway Trust Fund through May. A long-term (five- or six-year) funding plan will be attempted then.

July 16, 2014 - Politico Morning Transportation

Bipartisan governors faulted Congress for failing to find long-term funds for the Highway Trust Fund, but how do their state records match their rhetoric aimed at raising federal gas taxes? Planetizen looks at some of the governors cited in the WSJ.

July 15, 2014 - The Wall Street Journal

Is Heritage Action in a state of denial? Keith Laing, The Hill's transportation reporter, reviews a recent blog from the powerful conservative group claiming that spending will decrease only 7% at most, thus no reason to increase taxes or spending.

July 5, 2014 - The Hill

U.S. Treasury Secretary Anthony Foxx warned State DOT officials in a July 1 letter that due to declining funds in the highway account of the Highway Trust Fund, he will implement a new reimbursement policy that may cause some states to halt projects.

July 3, 2014 - The Huffington Post

After it's first hearing, the PATH Act is not looking very promising to keep federal transportation reimbursements flowing to state DOTs late next month when the Highway Trust Fund is expected to approach insolvency. The one user fee was dropped.

June 27, 2014 - Transport Topics Online

A $9 billion patch bill was drafted by Sen. Finance Comm. Chair Ron Wyden to continue transportation spending to Dec. 31. Most of the funds come from a change in how Individual Retirement Accounts are administered and a heavy truck use tax increase.

June 26, 2014 - Roll Call

The House Republican plan to gut Saturday postal delivery to pay for six months of highway spending was dropped on June 18. It appears it was a casualty of Majority Leader Eric Cantor's primary loss in his Virginia congressional district.

June 20, 2014 - Bloomberg Political Capital

A surprising and unexpected bipartisan plan to increase gas and diesel taxes by 12 cents each emerged June 18 from Sens. Bob Corker (R-Tenn.) and Chris Murphy (D-Conn.). Taxes would increase six cents a gallon annually for two years.

June 19, 2014 - The Hill

For those who haven't been following the Trust Fund's ticker, it's a bit like the deficit clock except that it runs in the opposite direction, going towards zero or insolvency. The ticker measures the balance in both the highway and transit accounts.

June 19, 2014 - Fast Lane (DOT blog)

A new transportation funding option proposed by Rep. Peter DeFazio (D-Ore.) would repeal the 18.4-cent gas tax, unchanged since 1993, with a "small" tax levied against oil companies on each barrel of oil used to make gasoline.

June 16, 2014 - The Oregonian

With federal highway funds likely to be cut off in August unless Congress can reach an agreement on a stopgap solution, some states, e.g., MO, VT, GA, AR have taken matters into their own hands to ensure that vital construction projects continue.

June 13, 2014 - The Wall Street Journal

The Washington Post editorializes against the use of general funds to fill the Highway Trust Fund shortfall ($18 billion annually), whether they be dedicated funds or offsets, and evaluates proposals from President Barack Obama and House Republicans.

June 6, 2014 - The Washington Post - Opinions

It's time to fund federal transportation like most other nations do—rely less on highway user fees that dedicate funds to highways and transition to funding roads from the general fund, perhaps in the same amount that they contribute to GDP.

June 3, 2014 - The New York Times - Opinion

This could have been our Friday Funny—but it's for real. House Republicans have suggested that reforming the United States Postal Service, such as ending Saturday delivery and other cost cutting could be used to shore-up the Highway Trust Fund

June 1, 2014 - Bloomberg News

"What program would you cut to continue the same level of transportation spending without raising the gas tax, e.g. cancer treatment programs, Head Start?," asks Streetsblog USA's Tanya Snyder after reading Sen. Bob Corker's (R-Tenn.) recommendation.

May 29, 2014 - Streetsblog USA

Plenty, according to Tanya Snyder, Streetsblog USA editor, who finds Obama's Grow America plan far superior. Outside of not including a gas tax to fill the Trust Fund gap, she finds the proposal "underfunded and highway centric." She is not alone.

May 15, 2014 - Streetsblog USA

The bill to reauthorize the current surface transportation law, "Moving Ahead for Progress in the 21st Century", a.k.a. MAP-21, was released on Monday and will be "marked up" on Thursday. Spending is kept at current levels of $50 billion a year.

May 13, 2014 - Bloomberg News

Last Thursday, House and Senate leaders announced agreement on an $8.2 billion waterways infrastructure bill, and if they have their way, it won't be their last major agreement. On Monday, a successor highway bill (to MAP-21) will be released.

May 13, 2014 - The Hill