USA TODAY: President Obama will propose Wednesday a four-year, $302 billion highway bill that would be half funded by a corporate tax overhaul that Senate leaders have already said is unlikely to pass this year…
The Congressional Budget Office has projected that without a funding infusion, the Highway Trust Fund will be unable to embark on new highway projects in 2015. Foxx has said the fund could start bouncing checks in August.
The gas tax of 18.4 cents per gallon hasn’t been raised since 1993, which hasn’t kept pace with inflation or with vehicles that are traveling further on the same amount of fuel… (more)
EDITOR: We also need government funding for other forms of transportation. We complain that there are no low-tech jobs at the same time that we allow our transportation infrastructure to age and become backwards as compared with other developed nations…especially China. Instead of paying out unemployment compensation and food stamps, we need to get people back to work.
