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Funding for the plan would be offset by rolling back two-thirds of the revenue lost in the Republican tax bill by reinstating a top income tax rate of 39.6%, restoring the individual alternative minimum tax, reversing cuts to the estate tax, and raising the corporate income tax from 21% to 25%.
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She said New York and New Jersey "have no skin in the game" and need to pony up more money to help pay for the project.
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The New Year that just began should be a good one for the launching of new rail and bus rapid transit lines and extensions to existing networks, with the project schedules we’ll look at below.
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All of the company's earlier investors participated, including Sequoia, BMW iVentures, NGP, Ashton Kutcher’s Sound Ventures, BRM, Gemini, Vaizra, Vintage, and newcomer Hanaco.
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The grants are expected to leverage private, state, and local investments to boost a wide range of rail projects, including the potential for implementing PTC.
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The plan, which was first announced in January 2015, has been slightly changed and is expected to open by 2021.
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METRO Managing Editor Alex Roman spoke to Ford about his APTA initiatives and federal funding, as well as the JTA’s autonomous vehicle test track, which launched in December.
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The State Rail Assistance program provides California’s commuter and intercity rail agencies with supplemental revenue that they can use to improve rail service in various ways.
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"A strong federal investment in public transportation needs to be preserved and increased, not cut," says APTA President/CEO Skoutelas.
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The Colorado Electric Vehicle Plan distributes $68.7 million Colorado will be receiving from German carmaker Volkswagen as part of a settlement for violating emissions laws.
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