CBO

Report Supports Road Tolls and VMT Fees over Gas Tax

The Congressional Budget Office takes aim at transportation funding and spending. It notes with alarm a $143 billion federal subsidy since 2008 and recommends charging motorists directly via vehicle-miles-traveled fees and road tolls.

February 19, 2016 - Congressional Budget Office

The Exorbitant External Costs Caused by the Trucking Industry

A new report from the Congressional Budget Office places the spotlight on the trucking industry in terms of the social, health ,and environmental costs it imposes on society but does not pay for, i.e., externalities.

June 8, 2015 - City Observatory City Commentary

Hummer and Prius

How Much More Damage to Roads is Caused by a Hummer Than a Prius?

A Hummer weighs 2.6 times more than a Prius C, so it must contribute that much more to road wear, right? Actually, that's wrong, not even close. To understand the main cause of road wear, one must look at heavy, not light trucks.

June 5, 2015 - OReGO Communications

Delaware Gas Tax Funds Subsidize General Fund

While Congress has subsidized the Highway Trust Fund with over $60 billion since 2008, some states may do the opposite, i.e., transfer funds from their gas tax-filled transportation trust funds to the state's general fund to cover operating expenses.

February 7, 2015 - AASHTO Journal

Unlikely Duo Propose Alternative to Obama's Tax to Fund Infrastructure

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 3, 2015 - The Bond Buyer

Wall Street Journal Editorial: Abolish Federal Gas Tax

As May 31 approaches—the date when the current patch bill that supplements insufficient gas tax revenues to the Highway Trust Fund expires, The Wall Street Journal, a favorite among many conservative political leaders, sends an unhelpful message.

January 21, 2015 - The Wall Street Journal

Polls: New York Fracking Ban Has Wide Support

According to a Quinnipiac University Poll, New Yorkers upstate, downstate, Democrat, and Republican, all supported Gov. Andrew Cuomo's decision to ban fracking—only energy companies and some businesses and property owners expressed dismay.

December 24, 2014 - Newsmax

Campaign 2014: Louisiana, Maryland, and Wisconsin Transportation Measures

Maryland and Wisconsin will not ask voters to raise taxes for transportation, but will ask them to adopt constitutional restrictions to ensure gas tax funds are not diverted for other purposes. Louisiana hopes to create an infrastructure bank.

November 1, 2014 - Governing

A Transportation Redline that Obama is Required to Keep

If Congress can't agree how to fund the Highway Trust Fund shortfall, Transportation Secretary Anthony Foxx warned state DOTs that he will be unable to reimburse them for funds already spent. The redline is the $4 billion mark projected to come July.

May 11, 2014 - The Wall Street Journal - Politics and Policy

New House Members Get Transportation Insolvency 101 Lesson

With the impending bankruptcy of the Highway Trust Fund in October, 2014, a House Transportation & Infrastructure subcommittee invited two transportation experts - one from CBO the other from DOT, to lay out the stark facts - but did it do any good?

July 28, 2013 - Truckinginfo.com

Four Options to Keep the Highway Trust Fund Solvent

MAP-21 expires on September 30, 2014. The following year, the Highway Trust Fund will be insolvent according to the CBO. Alternatives involve user fees paid by motorists: the gas tax and VMT fee, and two others that bear no connection to driving.

June 11, 2013 - Politico Pro

CBO Analyzes Obama's 'Hallucinatory' Transportation Budget

According to the CBO, President Obama's transportation budget keeps the Highway Trust Fund, currently expected to run out of funds in 2015, solvent until 2021. The additional funds come from 'intergovernmental transfers' - but are they real?

May 24, 2013 - Streetsblog Capitol Hill

Scrutiny of Electric Vehicles Follows Bankruptcy of Subsidized Battery Manufacturer

Electric-car-battery manufacturer A123 Systems received $249 million in federal grants. It filed for bankruptcy on Oct. 16, prompting Bloomberg reporter Angela Greiling Keane to look at the progress of President Obama's goal of 1 million EVs by 2015

October 19, 2012 - San Francisco Chronicle

The Incredible, Deficit-Reducing Transportation Bill

Just how does a transportation bill that doesn't increase fuel taxes or introduce new user charges, and maintain the same level of spending reduce the deficit by $16.3 billion? Ask the Congressional Budget Office.

July 1, 2012 - Taxpayers For Common Sense

Bankruptcy Ahead, Warns CBO On Highway Trust Fund

Treasury Secretary Ray LaHood warned Congress that according to a recent Congressional Budget Office report, the Highway Trust Fund will be broke come fiscal year 2014, due largely to more fuel-efficient vehicles and less driving.

February 4, 2012 - The Hill's Transportation Blog

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