Posts Tagged "tax reform"
Tax reform promises prosperity but is more likely to assure austerity
Congress will be forced to cut funding for job-creating surface transportation programs and other infrastructure investments that the President claims to support.
Senate tax bill greenlights a torrent of cuts to transportation programs
After the United States Senate voted late Friday night to approve passage of their tax reform bill, T4America director Kevin F. Thompson released the following statement.
Tax reform proposals would cut more than taxes
Though presented by Congress as a sensible approach to provide relief from a complicated tax code, Congress’ tax reform proposals would actually increase the deficit and trigger $150 billion in automatic reductions that are likely to end up resulting in deep cuts to vital transportation and infrastructure investments.
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.
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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