Federal Highway Trust Fund

12% new-truck tax panned at highway funding hearing

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WASHINGTON — Major trucking firms and their supporters have called for repealing a long-standing 12%...

https://www.freightwaves.com/news/12-new-truck-tax-panned-at-highway-funding-hearing

Biden calls on Congress to enact 3-month gas tax holiday

Joe Biden speaking at podium

President Biden on Wednesday will urge Congress to suspend federal gas and diesel taxes for three months, a move experts say does not guarantee meaningful benefit for consumers or the trucking sector.

In a fact sheet posted by the White House, the administration acknowledged that the federal 18-cent-per-gallon tax on gasoline and the 24-cent-per-gallon tax on diesel are “critical” to funding highway maintenance and repair through the Highway Trust Fund (HTF).

“But in this unique moment, with gas...

https://www.freightwaves.com/news/biden-calls-on-congress-to-enact-3-month-gas-tax-holiday

Report: Electric vehicle tax could revive Highway Trust Fund

The shortfall in Highway Trust Fund revenues caused by electric cars and trucks can be eliminated through an electricity tax that has the potential to achieve the same collection efficiency as the federal fuel tax, according to a new study.

“Electric Vehicles and Infrastructure Funding,” an analysis released Wednesday by the American Transportation Research Institute (ATRI), estimates that a tax of 2.1 cents per kilowatt-hour on a battery-electric vehicle (BEV) is equivalent to what is paid by...

https://www.freightwaves.com/news/report-electric-vehicle-tax-could-revive-highway-trust-fund

Can taxing trucks on miles traveled work?

A user fee to raise money for roads and bridges that is based on the number of miles a truck travels is popular among policymakers but does not sit well with industry lobbyists.

Working the details

Unlike taxes on gasoline or diesel, a fee based on vehicle miles traveled (VMT) “gets much closer to capturing the externalities and to approximating the road maintenance cost of each driver,” according to the Tax Foundation, an independent tax organization that has opposed increasing traditional...

https://www.freightwaves.com/news/can-taxing-trucks-on-miles-travelled-work

Pete Buttigieg confirmed as DOT secretary

The U.S. Senate voted overwhelmingly (86-13) on Tuesday to confirm Pete Buttigieg as U.S. Department of Transportation (DOT) secretary, a development industry watchers hope turns out to be the first step in getting an infrastructure package passed this year.

There will be pressure on Buttigieg to begin making progress on a handful of emerging transportation policy issues.

“He will have to think about issues of ensuring safety with new autonomous vehicle technologies,” Sen. Maria Cantwell,...

https://www.freightwaves.com/news/news-alert-pete-buttigieg-confirmed-as-dot-secretary

Buttigieg: Raising gas tax ‘on the table’ to pay for infrastructure

U.S. Department of Transportation Secretary nominee Pete Buttigieg acknowledged on Thursday that raising the federal gas tax will be one of the options to fund “major investments” needed for highway infrastructure.

“I think all options need to be on the table,” Buttigieg said during his confirmation hearing before the U.S. Senate’s Commerce, Science, and Transportation Committee.

“The current state of the highway trust fund [HTF] is that there’s more going out than coming in, and up until now...

https://www.freightwaves.com/news/buttigieg-raising-gas-tax-on-the-table-to-pay-for-infrastructure

Trottenberg brings freight policy experience to DOT

Polly Trottenberg, Joe Biden’s pick for deputy secretary of transportation in the incoming administration, will likely be a valuable resource for a Department of Transportation (DOT) secretary nominee lacking experience on major freight policy initiatives.

Trottenberg, who was named to fill the deputy position on Monday, previously served in the Obama-Biden DOT, first as the assistant secretary for transportation policy and undersecretary for policy. She testified several times on Capitol Hill...

https://s29755.pcdn.co/news/trottenberg-brings-freight-policy-experience-to-dot

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