T4America Blog

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Posts Tagged "tax reform"

Obama budget cues start of serious negotiations over transportation funding

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.

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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:

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