Tax Policy Center

Highway Trust Fund

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
: TaxVox
Another presidential candidate floats a flat tax, but would it sink under its own weight? This time it’s GOP contender Rand Paul. He’d replace the tax code with 14.5 percent in federal tax on all personal income, including wages, investment income, and rents. He’d repeal the Social Security and
June 19, 2015Renu Zaretsky
: TaxVox
What might happen to federal highway funding? Clues next week? Both tax-writing committees will hold hearings on long-term funding for the Highway Trust Fund. The House Ways & Means Committee will hold its hearing on Wednesday . The Finance panel will meet on Thursday. The Fund currently relies
June 12, 2015Renu Zaretsky
State and Local Issues: TaxVox
In about six weeks, federal money to keep the Highway Trust Fund going will once again dry up and Congress will begin its predictable scramble to keep cash flowing to roads, bridges, and transit projects. The reason for the gridlock: Neither Congress nor President Obama is willing to back a gas tax
June 10, 2015Howard Gleckman
: TaxVox
The drive to a Highway Funding bill heads toward a cliff: The sequel. Congressional Democrats are digging in their heels and insisting that Republicans find a long-term solution to highway funding. That would force the GOP to come up with either tens of billions for a long-term bill or
June 5, 2015Renu Zaretsky
: TaxVox
Have taxes, will travel. The American Road & Transportation Builders Association wants Congress to raise the federal gas tax by 15 cents a gallon to generate $401 billion in new transportation funding. Money for the Highway Trust Fund dries up in May. The group suggests the tax be offset with a
March 13, 2015Renu Zaretsky
: TaxVox
The President’s plan for corporate tax reform: Incomplete. TPC’s Howard Gleckman explains that while Obama’s budget renewed his call for cutting corporate tax rates, he again failed to show how he’d pay for most of the effort. He's budgeted $141 billion for corporate tax reform over 10 years, but
February 5, 2015Renu Zaretsky
Federal Budget and Economy: TaxVox
So much has changed. Yet, when it comes to taxes, so much has not. Republicans have taken control of Congress and now hold governorships in 31 states. The U.S. economy is finally on solid ground. And presidential hopefuls are gearing up for the 2016 election. But for all that, the top tax stories
January 6, 2015Howard Gleckman