Tax Policy Center

Highway Trust Fund

Federal Budget and Economy: TaxVox
Sometime within the next few days, Congress will pass, with great fanfare, what it proudly calls a $305 billion, five-year transportation bill . But while the measure will authorize much needed infrastructure spending, it won’t pay for much of it. More than one-third of the $305 billion would
December 3, 2015Howard Gleckman
: TaxVox
The House may have a bipartisan transportation bill. The measure would authorize highway spending for another six years. But while it sets $325 billion in infrastructure spending over six years, it guarantees only the first three years of funding. The last three years? Congress would have to “
October 19, 2015Renu Zaretsky
Federal Budget and Economy: TaxVox
Congress is back. Fiscal deadlines loom. Presidential candidates have tax plans to propose. It isn’t clear how much lawmakers will accomplish in the next four months, but it will be a busy and interesting fall. Here are five stories to watch: International Tax Reform : House Republicans insist they
September 8, 2015Howard Gleckman
Federal Budget and Economy: TaxVox
With just a few days left before federal funding for highway programs expires, the Senate is debating all sorts of amendments to an extension-- from export subsidies to the Affordable Care Act. But there is one subject it will not debate—the gas tax. Except for a handful of lawmakers, nobody in
July 27, 2015Howard Gleckman
: TaxVox
The House has a short-term patch for the Highway Trust Fund… Late Monday night, the House Ways & Means Committee released a plan to cover the Highway Trust Fund with $8.1 billion through mid-December 2015. The patch would use revenue collected by tightening IRS compliance rules. The House could
July 15, 2015Renu Zaretsky
: TaxVox
Highway funding: Will the House GOP play the long game? Ways & Means Chair Paul Ryan wants to pair international tax changes with six-year funding for highways, and he wants it done this year . To buy time to flesh out his plan to use revenue from a one-time tax on foreign profits of US
July 13, 2015Renu Zaretsky
: Daily Deduction
Greece: "Ne" to new sales taxes and (maybe) tax reform. The beleaguered Greek government has offered a new reform plan in return for $55 billion in European Union bailout money—and it reportedly includes new sales taxes, new levies on cafes and restaurants (read: tourists) and possible tax reform,
July 10, 2015Renu Zaretsky
Federal Budget and Economy: TaxVox
In 24 days, federal spending authority under the highway trust fund comes to an end. Without legislation to keep the program going and money to finance it, road projects will slow in the midst of high construction season. And where are Congress and the White House on this perennial issue? Nowhere.
July 7, 2015Howard Gleckman
: TaxVox
Congress is in recess. The Daily Deduction will return to its regular schedule on Monday, July 6. Wyden promises tax changes in the wake of the Supreme Court’s decision on same-sex marriage. Following the Obergefell v. Hodges decision, senior Senate Finance Committee Democrat Ron Wyden said Friday
June 29, 2015Renu Zaretsky
: TaxVox
Texas Governor Greg Abbott says “no” to a tax break for big corporations. The Republican just vetoed a bill aimed at expanding a tax incentive for wind farms and petrochemical firms along the Gulf Coast. Subsidy backers claim it helps the firms generate jobs, but Abbott doesn’t think it’s worth the
June 22, 2015Renu Zaretsky