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The Latest Breaking News from the Highway Trust Fund

CBO: House highway bill would widen trust fund deficit

The House version of this year’s mega surface transportation reauthorization bill could increase the deficit anticipated in the Highway Trust Fund over the next five years despite the inclusion of new fees on electric vehicles and hybrids, according to the Congressional Budget Office The CBO analysis, released Thursday, found that…

Roll Call

With Gas Tax Holiday, Are Texas Dems Pushing ‘Irresponsible’ Policy for Political Gain?

For candidates like James Talarico, calling to suspend fuel taxes may be an easy way to sell “affordability” to swing voters. But it would come with its own long-term policy consequences.

Texas Observer

America's Highway Fund Is Running Out of Money. Congress Wants To Spend New Funds on Not Fixing Highways.

Congress’ new infrastructure bill commissions a costly review of Amtrak’s food and beverage offerings and a study of yellow paint.

Reason

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Trump promise of gas tax relief hits roadblock in Congress: ‘End this damn war’

Democrats on the campaign trail side with Trump, but many Democrats and Republicans on the Hill are not as sure, Eric Garcia writes

The Independent UK

Trump faces uphill climb on suspending gas tax

Serious obstacles could keep Trump's comments from becoming reality.

Axios

Federal gas tax holiday sees growing support amid pain at the pump

Federal gas tax holiday proposals were making the rounds on Capitol Hill on Monday after President Donald Trump expressed his support for such an effort, with one new bill already introduced in the Senate and intentions for another announced in the House. Sen. Josh Hawley, R-Mo., on Monday introduced a…

Roll Call

Trust funds that finance Medicare and Social Security are at risk of insolvency within 7 years, cutting benefits up to 24%, a new report warns

A couple turning 60 this year would face an $18,400 Social Security cut, according to the Committee for a Responsible Federal Budget.

Fortune

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Trump Tax Bill Targets Current EV Owners With New $250 Annual Fee

Is the Trump administration about to make EV ownership more expensive?

Kiplinger

The Feds Want A $250 Annual EV Tax. Here's Why It's A Sham

If you drive a car with an engine, you're putting 18.4 cents in Uncle Sam's pocket with every single gallon of gasoline you pump. That money might seem like a drop in the bucket, but it's critical to funding infrastructure projects like fixing potholes, patching bridges and even a bit…

InsideEVs

House Transportation advances reconciliation plan; focus on EV fee - Roll Call

A House panel backed a $250 fee on electric vehicles Wednesday, part of its plan to find $10 billion in deficit-reduction over 10 years.

Roll Call

Rail accuses truck industry of coasting on highway tax ‘subsidy’ - Roll Call

Railroads are pushing lawmakers to hike taxes on trucks to fix a crisis-level problem of federal road and bridge funding.

Roll Call

Incoming Senate chairs expected to rein in infrastructure dollars - Roll Call

Republicans’ incoming Senate majority could stall an effort to boost transportation and infrastructure spending.

People

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