Posts Tagged "president obama"
With the release of his budget proposal yesterday, President Obama at last offered some specifics on his plan to use the repatriation of taxable corporate profits to fund transportation. In doing so, he staked out a starting point for real-world negotiations over a possible six-year transportation bill – the first time such a prospect has seemed remotely realistic in six years.
The Obama Administration Monday released a budget outline that envisions a six-year, $478 billion surface transportation authorization, paid for in part with a 14 percent tax on U.S. companies’ profits that are now parked overseas. It includes spending $94.7 billion in FY 2016 for roads, bridges, transit systems and freight networks, nearly double the current amount. Transportation for America Director James Corless issued this statement in response:
Applause rang out from both sides of the aisle during the State of the Union, when President Obama called for the ambitious, “bipartisan infrastructure plan” we need for a 21st century, “middle-class economy”.
SOTU reaction: To build a 21st-century, ‘middle-class economy’, President and Congress must provide stable transportation funding
WASHINGTON, D.C. – In response to President Obama’s call for increased investment in infrastructure Transportation for America Director James Corless issued this statement:
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.
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:
Three T4 America partners were invited to join us at the White House Monday to meet the President of the United States and talk about transportation funding, specifically the infrastructure portion of the President’s American Jobs Act. The President’s plan, which failed to make it to a final vote yesterday in the Senate, would have invested $60 […]
President Obama gave a short speech in the Rose Garden Wednesday calling on Congress to come together quickly to pass a “clean” extension of the federal transportation bill to ensure that there’s no interruption in federal funding for transportation projects while they debate a longer-term reauthorization. The clock starts ticking after Labor Day.
When President Obama announced his vision on Labor Day for investing in 21st century infrastructure, he put our country on the right path toward smart transportation reform. But his vision immediately came under fire from many of the usual suspects who prefer the current system of earmarks and oil industry tax breaks. We need to respond to these attacks on transportation reform. Take 5 or 10 minutes and write a letter to the editor of your local paper today.