August 10, 2016, 9am PDT
Donald Trump's first major economic speech showed significant changes, including how he'd pay for his hefty infrastructure plan. Both he and Hillary Clinton will likely be relying on the same funding source.
November 23, 2015, 7am PST
Carl Davis of the Institute on Taxation and Economic Policy wants a gas tax increase, not gimmicks, to fund the 6-year transportation bill. Not likely. As bad as they are, they are better than resorting to a repatriation tax, notes the press release.
Institute on Taxation and Economic Policy
July 20, 2015, 10am PDT
The House passed their patch bill on July 15—it's now the Senate's turn at bat on highway funding. Both houses are controlled by Republicans but they appear to be pitching for different teams. A bill must pass by July 31 or road funding ceases.
June 30, 2015, 10am PDT
When Congress returns from the July 4 recess, they will have less than four weeks to pass and fund a transportation bill—be it for six years, as desired by transportation advocates, or less, as Senate Finance Committee Chair Orrin Hatch prefers.
June 16, 2015, 9am PDT
Sen. Mike Lee (R-Utah) has reintroduced a bill to cut the federal gas tax by 80 percent and give transportation authority to states, known as devolution. Also, House Transportation Chair Bill Shuster is promoting repatriation as a funding source.
April 30, 2015, 10am PDT
The "Bridge to Sustainable Infrastructure Act" does not appear sustainable to Rep. Kevin McCarthy (R-Calif.), citing gas prices of $3.20 per gallon in his district in Bakersfield. A year ago, the average price in California was $4.26.
April 21, 2015, 10am PDT
The Bridge to Sustainable Infrastructure Act is taken seriously in Congress. With 17 bipartisan co-sponsors, it would index the gas tax to inflation, thus increasing the Highway Trust Fund revenue and bridging to a sustainable revenue source.
March 18, 2015, 11am PDT
The American Road & Transportation Builders Association seeks to pair a gas tax with a repatriation tax that would rebate the revenue to tax filers. ARTBA joined other infrastructure advocates to oppose current efforts to eliminate the gas tax.
March 17, 2015, 9am PDT
An economist from the Tax Foundation spoke to advocates of a mileage-based user fees. First surprise, he calls it a tax, not a fee. He appears to favor the MBUF over the gas tax, but notes its problems.
February 3, 2015, 7am PST
A few days before President Obama announced his 14 percent offshore corporate profits tax, Sens. Rand Paul and Barbara Boxer teamed-up to announce they would be offering a repatriation tax, somewhat similar to Obama's tax. Both fund infrastructure.
February 2, 2015, 5am PST
President Barack Obama is expected to propose a one-time, 14-percent tax on overseas profits from companies, resulting in a contribution of $238 billion toward a total $478 billion, six-year Highway Trust Fund package. But will Republicans agree?