Federal Highway Trust Fund

President Donald Trump signed an appropriations bill Thursday that extends federal surface transportation programs for one year, including $13.6 billion to keep the Highway Trust Fund (HTF) from running out of cash. The highway bill extension was part of a larger package that funds the entire...

The Federal Highway Trust Fund (HTF), already gasping for air due to declining revenue, is now getting hit with a case of COVID-19 as fewer vehicles on the road as a result of the pandemic means less money from fuel taxes. The HTF, which uses revenue collected from gasoline, diesel fuel and the...

Members of the House Transportation & Infrastructure (T&I) Committee agreed on Thursday, February 7 on the need for a bold and long-overdue plan to fix the nation's infrastructure, but the big unanswered question continues to be how to fund it. Raise the gas tax? Install a vehicle-mile...

The U.S. federal deficit is projected to average its highest levels over the next decade at $1.2 trillion per year, and the Highway Trust Fund (HTF) is one of the deficit-spending programs that will be most in need of a major funding overhaul or risk going bankrupt. According to the latest...

New truck and trailer purchases currently include a 12 percent federal excise tax, adding tens of thousands of dollars to the purchase price. A new coalition is looking to lobby for the repeal of the tax. Efforts to repeal the federal excise tax (FET) on heavy trucks and trailers have resulted in...