Fixing the Highway Trust Fund (HTF) without generating any new revenue would require the equivalent of Congress passing and the president signing a 2013-level Murray-Ryan budget deal every year just to maintain current highway and transit program investment levels, American Road & Transportation Builders Association (ARTBA) President Pete Ruane Feb. 12 told a Senate panel.
Read MoreTag: Highway Trust Fund
Governors Demand Congressional Action
A bipartisan group of governors is calling on Congress to take immediate action to avoid a looming national crisis – the expiration of national highway funding. Seventeen governors signed a letter urging congressional members to act and avoid a potential nationwide transportation funding crisis.
Read MoreThe Clock is Ticking
February 10, 2014 – The Congressional Budget Office released its latest estimates for the overall federal deficit Feb. 4 and projected that the Highway Trust Fund will need an infusion of $172 billion over the next 10 years to stay solvent, according to NSSGA. The new figures confirm what transportation industry stakeholders and administration officials have been warning since the passage of…
Read MoreHighway Trust Fund Warning
February 3, 2014 – A new analysis by the Associated Equipment Distributor’s (AED) Government Affairs Office based on recent data from the Federal Highway Administration shows the potentially devastating economic impact of the impending collapse of the federal highway program. The Congressional Budget Office reported in July 2013 that, due to inadequate resources in the federal Highway Trust Fund (HTF), Congress “would need…
Read MorePass the UPDATE Act
In just a few short months, the Highway Trust Fund will go broke. No one likes to hear the words “raise taxes,” but in some cases, tax increases are not only warranted but essential to our industry and the national economy.
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