Items Tagged with 'Highway Trust Fund'

Bipartisan gas-tax suspension proposals are gaining traction as fuel prices surge due to the Mideast conflict, but transportation groups warn the moves could further strain Highway Trust Fund finances.

Industry experts say the fees are one of several strategies Congress can use together to protect Highway Trust Fund solvency. 

CBO estimates $241B trust fund shortfall for 2024-2033, assuming no revenue increase and spending hikes to reflect inflation.

Plan requires approval by Congress, where reactions were mixed.

Bill backed by six Democrats would tap general fund to offset Highway Trust Fund revenue loss.

Meanwhile, Biden is "encouraged" by bipartisan Senate group's broader infrastructure proposal.

Biden's DOT nominee is certain to be confirmed, Commerce Committee's top Republican says.

As technology keeps changing, states keep working on alternatives or add-ons to the gas tax.