Posts Tagged "gas tax"
Already, 2015 feels like it could be a big year for transportation, at the federal, state and local levels alike. As the year began, we thought it would be fun to identify 15 people, places and trends that seemed to be worth keeping an eye on the next 12 months. In some years, 15 would be a stretch, but this year we had a tough time whittling the list to match the number of the year.
The steep drop in gas prices offers the best opportunity in years to raise the revenue we need to rescue our transportation trust fund and build for the future. And, for the first time in recent memory, leaders in both parties are calling for a gas tax increase to avoid foisting monumental repair and construction bills on the next generation.
The Highway Trust Fund, our nation’s key infrastructure funding source, has been teetering on the edge of insolvency for the past few years, with legislators from both parties unable to secure a long term funding source.
In 2013, the Massachusetts legislature came together on an ambitious plan to necessary revenues for transportation, passing a three-cent gas tax increase as well as indexing it to inflation. In what makes this one of the most interesting ballot measures to watch, just a year after the legislature approved it, voters on Nov. 4 will decide whether or not to repeal part of the package.
Vermont, New Hampshire, Massachusetts follow the trend: voters support transportation revenue increases
As voters have been proving over and over during primary season this year, raising taxes or fees for transportation isn’t a political death sentence – no matter the party or political affiliation. In the past two weeks, Vermont, Massachusetts, and New Hampshire’s state legislators faced their first primary since voting to pass bills to raise additional revenue for much needed transportation and infrastructure projects.
With Congress continuing to flail on providing stable funding, many states are finding they can’t wait and are moving on their own. But it’s not always as simple anymore as adding pennies to a per-gallon gas tax, so states are taking some creative approaches. You can learn about what 12 states already have done – and the political fall-out from it – with our revamped and refreshed tracker. You’ll also see what’s brewing in still more states.
While the conventional wisdom is that voting for a tax increase spells doom for a politician, recent evidence from Maryland continues to show that state politicians rarely lose their seats when they vote for a gas tax hike.
A House proposal to shore up the transportation trust fund through May, 2015, is a good news, not-so-good news proposition. Late yesterday, House Ways and Means Chairman Dave Camp (R-MI) proposed a $10.8 billion infusion to cover a looming deficit in the Highway Trust Fund. The money for the next few months would come mostly […]
Our compatriot Beth Osborne engaged in a spirited discussion on gas taxes and the crashing highway trust fund this morning on C-Span’s Washington Journal this morning. Watch the video here.
The Senate Finance Committee Thursday will take up a proposal from Chairman Ron Wyden (D-OR) to keep the Highway Trust Fund solvent through Dec. 31 with a $9 billion transfer from the general budget. The needed revenue would be raised by increasing the allowable tax on heavy trucks and four accounting maneuvers unrelated to transportation.