With infrastructure as a top policy priority for the White House and recent momentum in state legislatures, the U.S. Chamber of Commerce is hopeful Congress will pass an infrastructure bill this year – a move that could profoundly impact the small business community.
Read MoreDay: May 7, 2019
Save the Highway Trust Fund
May 7, 2019 – The Highway Trust Fund receives roughly 85% to 90% of its revenue from excise taxes on motor fuel, commonly known as the “gas tax.” Since 1993, fuel tax rates have been fixed at 18.4 cents per gallon for gasoline, and 24.4 cents per gallon for diesel. Taxes on tires and heavy vehicles (trucks) make up the rest of the fund’s income.…
Read MoreDodge Momentum Index Flat in April
The Dodge Momentum Index fell 0.5% in April to 144.3 (2000=100) from the revised March reading of 145.1. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The retreat in April was…
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