Bus

Fed tax plan proposes $126 billion for Highway Trust Fund

Posted on February 27, 2014

On Wednesday, House Ways and Means Committee Chairman Dave Camp (R-MI) released draft legislation to “fix America’s broken tax code by lowering tax rates while making the code simpler and fairer for families and job creators.” The plan dedicates $126.5 billion to the Highway Trust Fund (HTF) to fully fund highway and infrastructure investment through the HTF for eight years. 

“This fiscally responsible provision would provide greater certainty for the Highway Trust Fund and the nation’s surface transportation infrastructure in the coming years,” said House Transportation and Infrastructure Chairman Bill Shuster (R-PA), in a statement. “The Transportation Committee continues to develop surface transportation legislation for action later this year, and this tax reform proposal could play a meaningful role in a bill that facilitates economic growth and helps America remain globally competitive.”

According to the U.S. Department of Transportation's Ticker, the HTF is slated to run out of money by September, with the current surface transportation bill, MAP-21, expiring in October. 

To view the draft legislation, click here.

For more on the proposal from Bloomberg, click here.

View comments or post a comment on this story. (0 Comments)

More News

NJ TRANSIT awards New Flyer $65M contract for new artic buses

This purchase is a “one for one’’ replacement of NJ TRANSIT’s aging articulated bus fleet as it reaches the end of its expected service life.

METRO opens Call for Papers for BusCon 2019

The show returns to the Indiana Convention Center in Indianapolis Sept. 23 to 25.

Proterra names Walsh sr. VP of sales

Most recently, Walsh was president/COO of Davey Coach Sales Inc.

MBTA expands Boston’s electric hybrid footprint with New Flyer buses

Since 2002, New Flyer has delivered over 750 buses to MBTA, including diesel-electric hybrids and CNG buses.

MCI kicks off its biggest product, service year at UMA Expo

The schedule includes a smaller coach, accessibility, and battery-electric propulsion options.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation