Latest posts about Gasoline Tax
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Is there a chance the national gasoline tax is going to take a break?
June 21, 2022
Now, there is talk about President Biden “considering a gas tax holiday to ease high fuel prices,” through the end of September, according to a New York Times report published this week. Were this to come to fruition, it would require Congressional approval. Given the current political climate, it could well be viewed as a longshot, to be fair.
Transportation Infrastructure in Desperate Need of New Gas Tax
February 28, 2018
The business-friendly U.S. Chamber of Commerce has often spoken about the need to raise the gas tax, and recently proposed a 5-cent per year increase in the federal gasoline tax, over the course of the next five years.
Memo to Washington D.C.: Stop talking about raising the gas tax, go do it
February 16, 2018
Time can be defined in many different ways. A year can be viewed as a long time for certain things, as can five years or an even decade. But you know what’s a really long time? 25 years i.e. a quarter century. Why is 25 years significant? Let me tie it to transportation infrastructure, specifically the Highway Trust Fund and its key funding mechanism, the federal gasoline tax, which has not been increased in, wait for it….25 years? As a...
Trump floats gas tax increase proposal. Does it have potential?
May 5, 2017
That is why comments made earlier this week by President Trump in which he said he would consider raising the tax got a fair share of attention. The fact that the possibility of the tax being raised was suggested is at the least a good sign, but obviously more needs to be done than just talk about it.
Now is time to raise fuel “user fee,” U.S. Chamber’s Donohue urges Congress
January 19, 2015
Congress should put aside its philosophical differences and make a long-deferred investment in transportation infrastructure through a “dime or two” per-gallon increase in the federal fuel tax, which should be made more politically palatable by more accurately referring to it as a “user fee” rather than a tax.
House approves bill geared to keep federal transportation funding intact through end of May 2015
July 16, 2014
The House of Representatives voted by a 367-55 margin to approve H.R. 5021, the Highway Transportation and Funding Act of 2014, which will keep federal transportation funding intact through May 2015.
ATA moves away from backing fuel tax in skittish political election year environment
April 15, 2014
With no fuel tax increase likely ahead of this year’s mid-term elections, trucking interests in Washington are moving to Plan B in their attempt to shore up funding for badly needed infrastructure improvements.
Lack of progress is status quo when it comes to prospects of raising federal gasoline tax
April 3, 2014
As we have written about extensively, having sufficient capital in the HTF is critical as its revenues are allocated for federal highway, transit, and highway safety programs. But as we also know the main funding source for the HTF, the federal gasoline tax, has not increased from its current levels of 23.4 cents for diesel and 18.4 cents per gallon of gasoline since 1994. What’s more, diesel taxes represent about 90 percent of Highway Trust Fund (HTF) net revenues.
Oregon House member proposes gradual fuel tax increase
December 5, 2013
Earlier this week, Rep. Earl Blumenauer (D-OR) introduced legislation that would gradually increase the existing federal fuel tax levels by 15 cents over the next three years.
Gas tax issues still linger as the revenue shortfall grows
October 2, 2013
Whether or not the federal government is open or not, one thing (among many, to be sure) that remains largely inactive is the lack of any semblance of meaningful progress when it comes to fixing the many issues stemming from the federal gasoline tax.
House committee holds hearing on Highway Trust Fund status
July 25, 2013
The fact that the Highway Trust Fund (HTF) is financially challenged comes as no surprise to anyone involved in freight transportation and supply chain circles. What’s more, now that it is on the verge of insolvency, how to address that problem appears to be gaining traction in Congress. That was a major takeaway of a hearing hosted this week by the House Subcommittee on Highways and Transit entitled “How the Financial Status of the Highway Trust Fund Impacts Surface...
House transportation bill’s prospects appear to be stalling out
March 2, 2012
If you thought that getting a new federal transportation bill in place would be an easy and fluid process, think again. Any assumptions that meaningful progress would be occurring at this point is pretty much a pipe dream.
Still making the case for raising the gasoline tax…
December 14, 2011
A report released by the Institute on Taxation and Economic Policy stated that "State lawmakers reluctant to update gas taxes have cost their states, on average, $201 million in annual revenues. These losses are exacerbated by the fact that the federal gas tax, which also supports state transportation projects, has lost 41 percent of its value since it was last raised in 1993."
Time to consider raising the fuel tax, U.S. Chamber of Commerce CEO says
October 27, 2011
U.S. Chamber of Commerce President and CEO Thomas J. Donohue said the nation must spend more on infrastructure and mildly endorsed the need to increase the federal fuel tax, which stands at18.4 cents on gasoline, 23.4 cents on diesel and has been unchanged since 1993.
DOT Secretary LaHood on the highway bill: “There’s a consensus on what the needs are”
October 17, 2011
If the tax-adverse Congress can figure out how to pay for it, the stalled highway bill in Washington will pass at adequate funding levels to meet some of the nation’s dire infrastructure needs. That’s the word from Transportation Secretary Ray H. LaHood,