CEG Search results for "highway trust fund"

President Signs Highway Trust Fund Rescue

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Jim Abrams - ASSOCIATED PRESS - WASHINGTON (AP) Two months after the White House called a highway trust fund rescue plan a “gimmick” and threatened a presidential veto, President Bush signed legislation Sept. 15 infusing $8 billion into the financially teetering fund that supports road and bridge projects around the...

Senate Approves $8 Billion for Highway Trust Fund

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Jim Abrams - ASSOCIATED PRESS - WASHINGTON (AP) The Senate voted Sept. 10 to shift $8 billion into the highway trust fund, restoring solvency to an account that is going broke and staving off what could have been crippling delays in federal aid for road and bridge projects around the country.The voice vote came five days...

Cut Backs on Driving Imperil Nation’s Highway Trust Fund

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CEG - NEW YORK (AP) The soaring price of fuel and other strains on the U.S. economy have caused Americans to cut back sharply on driving, which jeopardizes the federal fund for building and repairing the country’s highways.The federal highway trust fund — which relies on per-gallon t...

AGC Declares Highway Trust Fund on Verge of Bankruptcy

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CEG - The Associated General Contractors of America’s (AGC) CEO Stephen E. Sandherr declared the Highway Trust Fund (HTF) on the verge of bankruptcy, and called for short-term solutions such as indexing the gas tax to inflation to guard against future erosion of the fund’s purchasing power ...

Don’t Shortchange Highway Trust Fund, ARTBA Tells Congress

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CEG - Federal tax policy encouraging the use of ethanol-based motor fuels reduces funds available for the nation’s highway improvement program by about $1.l billion per year, the American Road & Transportation Builders Association (ARTBA) recently told the Senate Finance Committee. ...

TRIP Releases Report on Funding America's Transportation System

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TRIP - Despite the increase in transportation funding provided by the passage of the bipartisan Infrastructure Investment and Jobs Act (IIJA) in November 2021, the nation's roads, bridges and transit systems remain significantly underfunded and will require increased investment for needed improvements a...

As Gas Taxes Dwindle From Electric Vehicle Use, Congress Looks for Solutions, Strategies

/as-gas-taxes-dwindle-from-electric-vehicle-use-congress-looks-for-solutions-strategies/55541
Lucy Perry – CEG CORRESPONDENT - For all its faults, the Highway Trust Fund, funded through gas tax revenue, is the main financial support for America's roads and bridges. It hasn't increased with inflation — in fact, it hasn't increased in almost 30 years — even as road and bridge conditions deteriorate....

New Grassroots, Advertising Campaign Urges Congressional Action on Transportation Infrastructure

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ARTBA - The U.S. transportation construction industry has launched a grassroots and advocacy advertising campaign on multiple fronts to increase pressure on Congress and the Trump administration to act in 2020 on a permanent Highway Trust Fund (HTF) revenue solution and a robust, long-te...

Better Roads: The American Dream

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Volvo - Politicians around the world take great pleasure in disagreeing with each other, but in the United States there is one topic lawmakers on all sides can find common ground — that the country's highways network is in urgent need of repair and improvement. So, if everyone agrees, why isn&#...

Wisconsin Drivers Pay for Deteriorated Road Conditions

/wisconsin-drivers-pay-for-deteriorated-road-conditions/42160
Lori Tobias – CEG Correspondent - Drivers in Wisconsin are paying $6.8 billion per year in extra vehicle-operating costs as a result poor highway conditions and the impact those conditions have on vehicles and traffic, according to a new report, “Wisconsin Transportation by the Numbers: Meeting the State's Need ...