Issue / Highway Trust Fund
White House Endorses 3-Month Gasoline Tax Holiday
Jun 22, 2022 | Jeff DavisPresident Biden today endorsed a three-month suspension of the 18.4 cent-per-gallon federal excise tax on gasoline. The President made...
Biden Calls on Congress to Enact 3-month Gas Tax Holiday
Jun 22, 2022 | Jeff Davis“All this does is make the trust fund even more dependent on the general fund [for maintaining roads and bridges], as opposed to...
Gas Prices, Adjusted for Inflation, Now Highest Since 2008
Jun 10, 2022 | Jeff DavisThe U.S. Energy Information Administration reported this week that the average retail price of a gallon of gasoline rose to $4.55 on...
CBO Shares Predictably Bad HTF Outlook, but Evidence of COVID Aid Replacing Transit Spending
May 27, 2022 | Jeff DavisThe nonpartisan Congressional Budget Office's new baseline projections contain mixed news for the federal Highway Trust...
USDOT Gets FY22 Highway and Transit Formula Funding Increases Out the Door
Apr 08, 2022 | Jeff DavisTwin announcements from the U.S. Department of Transportation in the last week have given state and local governments permission to...
Budget Gives Update on Post-IIJA Highway Trust Fund Shortfall
Apr 01, 2022 | Jeff DavisAfter the Highway Trust Fund was reauthorized in the Infrastructure Investment and Jobs Act (IIJA) with a $118 billion general fund...
Administration Predicts HTF Will Need Additional Bailout Before End of IIJA
Mar 01, 2022 | Jeff DavisThis afternoon, the Treasury Department released the quarterly Treasury Bulletin for March 2022, which contains the first Treasury-OMB...
Case Study: How Inflation Can Nullify Transportation Funding Increases
Feb 18, 2022 | Jeff DavisIf you follow economic news, the last few weeks have seen unsettling signs of inflation. On February 10, it was announced that the...
Vulnerable Senate D’s Propose $20B Gas Tax Holiday
Feb 10, 2022 | Jeff DavisWith high gas prices much on the mind of voters, a group of Democratic Senators led by Mark Kelly (D-AZ) and Maggie Hassan (D-NH) this...
“The Bucks Stop Here: The Absurdity of the Highway Trust Fund” Centennial Recap
Jan 28, 2022 | Jonathan HammondThe year was 1955. The Salk vaccine hit the shelves. The first McDonalds opened. And in Washington, D.C., a highway funding proposal...
Treasury Deposits $118 Billion Bailout in Highway Trust Fund
Jan 14, 2022 | Jeff DavisThe Treasury Department's official report on Highway Trust Fund finances for December 2021 is now out, and it shows that the $118...
Debt Limit Likely to Be Increased Next Week, Allowing HTF Bailout to Be Processed
Dec 10, 2021 | Jeff DavisThe latest debt ceiling crisis will be solved by the middle of next week, without having to delay the latest bailout transfer of the...