What’s Doable If Democrats Go It Alone on Infrastructure
Congress could tweak the rate of the motor fuels tax — the main source of money for the Highway Trust Fund — under reconciliation since it would affect revenue, said Jeff Davis.
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By Jeff Davis
Congress could tweak the rate of the motor fuels tax — the main source of money for the Highway Trust Fund — under reconciliation since it would affect revenue, said Jeff Davis.
By Jeff Davis
February 25, 2021 – What will happen to the Highway Trust Fund if Congress once again, as it has done in the previous reauthorization cycles for the last twelve years, just pays for increased spending with another one-time bailout from general revenues?
By Jeff Davis
December 21, 2020 – New data from the Census Bureau released last week shows that the aggregate state and local tax revenue losses this year from COVID and related economic activity have not been nearly as bad as predicted in the spring, and that those losses are (a) mainly on the state side, not the local side, and (b) unevenly distributed between states.
By Jeff Davis
October 23, 2020 – Tax receipts credited to the Highway Trust Fund held up surprisingly well in 2020, given the pandemic – so well that a large downwards correction may be coming in 2021.
By Jeff Davis
October 9, 2020 – Data from the Energy Department through the end of September continue to support the hypothesis that, post-lockdowns, U.S. gasoline production has stabilized at a “new normal” level of around 10 percent below the levels from the corresponding week of 2020.
By Jeff Davis
September 11, 2020 – As legislators and Congressional staff negotiate the parameters of what increasingly looks like a one-year extension of the FAST Act, the Trump Administration’s estimate of how much extra money the Highway Trust Fund will require to get through another year is unusually divergent from Congress’s estimate.
By Jeff Davis
This PDF file is a one-page memo to Treasury Secretary George Humphrey from Dan Throop Smith, head of tax analysis at Treasury, dated November 4, 1955, about a meeting the previous day where Commerce Secretary…
By Jeff Davis
This PDF file contains documents relating to the October 28, 1955 Cabinet meeting. This was another meeting conducted in the absence of President Eisenhower due to his September 24, 1955 heart attack.
By Jeff Davis
This file contains several documents relating to the Eisenhower Administration’s revised December 1955 Interstate highway funding proposal (after Congress had rejected the first proposal in July 1955).
By Jeff Davis
This PDF file is an exchange of letters between Senator Albert Gore (D-TN) and President Eisenhower in the fall of 1959.
By Jeff Davis
August 6, 2020 – This morning, the Treasury Department published the monthly report of Highway Trust Fund tax receipts for July 2020, and those numbers show the intake from the federal excise taxes on motor fuels and trucking rebounding to slightly above normal (July 2019) levels.
By Jeff Davis
August 5, 2020 – The latest weekly production reports from the Energy Department show that the production of gasoline by U.S. refineries and blenders has stabilized at a level around 12 percent below last year’s production levels.
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