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

Boston bus driver accused of assaulting snowball thrower

The driver is being charged with assault and battery by means of a dangerous weapon. He was on duty during the Tuesday night incident in Lynn’s Central Square, but an MBTA spokesman did not specify if he was driving the bus at the time

Detroit bus driver falls asleep at wheel, crashes into 8 vehicles

The driver was charged with a misdemeanor traffic violation on Wednesday and could face 93 days in jail.

Maine school district likely to have students use public transit

Starting this fall, the roughly 2,000 students at Portland's three high schools will receive a Metro pass.

Allison,Cummins hybrid-electric system recieves CARB certification

Allows sales of model year 2015 Allison H 40/50 EP™ hybrid propulsion system paired with the Cummins ISB6.7 and ISL9 diesel-electric hybrid engines for transit buses and coaches.

N.Y. MTA expands courtesy ads to bus system

The campaign is similar to the one developed for subways, with the focus on reminding passengers that avoiding certain behaviors can ensure a faster and more pleasant ride for everyone. Reminders include step aside to let others off first; remove your backpack; and don’t clip your nails on the bus.

See More News

Post a Comment

Post Comment

Comments (0)

Please sign in or register to .    Close