T4America applauds President and House tax chair for efforts to fix the transportation funding crisis, as local leaders plead for help
Today President Obama and House Ways and Means Committee Chairman Dave Camp (R-MI) introduced separate proposals that would prevent the looming insolvency of the nation’s key infrastructure trust fund.
President Obama today unveiled a proposal for a four-year, $302 billion transportation bill, with a windfall from business tax reform covering the shortfall in the Highway Trust Fund for that period. Chairman Camp proposed tax reform measures that would include staving off insolvency of the transportation fund for eight years. James Corless, director of Transportation for America, issued this statement in response:
“We are encouraged to see the threat to our nation’s transportation network begin to get the attention it deserves. With the bankruptcy of our transportation trust fund just months away, this can’t come soon enough. Just today, local leaders from across the country came to Capitol Hill to tell Congress what a robust federal investment in their transportation networks would mean for their economic development and long term prosperity. (See our blog post on today’s events here.)
These local leaders are putting their money where their mouth is, going to their voters for tax increases to pay for infrastructure they need. But as they said today, and as I reiterated in remarks to members of the House Transportation and Infrastructure Committee, their plans count on a dependable federal partner. Today’s actions by the Administration and key House leaders show the message may finally be getting through.
With the current transportation program expiring at the end of September, we look forward to working with Congress and the Administration on a fully funded program that promotes innovation, rewards initiative and gives local communities the latitude to solve their infrastructure challenges.”