The massive, five-year, $305-billion spending bill doles out $281 billion to the beleaguered Highway Trust Fund, and also gives nearly $1 billion to NHTSA.
Highway Trust Fund
Transportation was on President Obama's mind as he toured the Turner-Fairbank Highway Research Center in McLean, VA Tuesday. In a brief, 14-minute speech, the president touched on both car-to-car communications and safety technology, as well as the need to maintain funding for the rapidly depleting Highway Trust Fund. Aside from his speech, the president also sampled one of HRC's driving simulators (shown above), which he likened to "something like Knight Rider."
The United States Highway Trust Fund is getting closer to running out, and the federal government is scrambling to find a way to keep it in the black. The fund pays for a significant portion of the upkeep for the country's interstates, bridge repairs and some public transportation projects. It's currently backed under a two-year law that expires in September, but Secretary of Transportation Anthony Foxx claims the actual money in the account will be gone by the end of August. Without new financi
As much as it pains me to say this: America needs a $1 a gallon gas tax. And right now would be the perfect time to start. Vote, pass, sign. Please. This gas tax could rebuild America, create jobs, help the auto industry, improve the environment and do something no politician likes to do: Pay as you go.
Oh, the gas tax, always a contentious issue. We've covered it throughout the years but now the Congressional Budget Office is reminding us that the time has come to move well beyond simple discussion and politics: the Highway Trust Fund is not getting enough money to pay for the transportation infrastructure that America needs.
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