As the 115th Congress winds down one could point to several missed opportunities to address the long-term solvency of the Highway Trust Fund. However, progress has been made as several Members of Congress – Republicans and Democrats – have introduced proposals to provide much needed revenue to the Highway Trust Fund. It is imperative that the transportation construction industry shows support for the efforts of the members of Congress who have offered thoughtful solutions to provide increased revenue and stability to the Highway Trust Fund.
Please tell your members of Congress:
- I agree with the several bipartisan Members of Congress who have released proposals to address the long-term solvency of the Highway Trust Fund, including House Transportation & Infrastructure Committee Chairman Bill Shuster (R-PA), who recently called for a 15 cent and 20 cent increase for gas and diesel taxes, respectively;
- Waiting until the next trust fund crisis to act has repeatedly led to last-minute, short-term patches that dilute state efforts to implement long-term transportation improvement plans;
- Stabilizing and growing federal surface transportation investment would help achieve many of the goals sought in reforming the tax code, specifically creating jobs and enhancing U.S. economic competitiveness;
- If Congress does not act, the Highway Trust Fund will face annual revenue shortfalls of $18 billion once the FAST Act expires; and
- Congress has a narrow window to address this situation before states will once again be forced to begin delaying projects due to uncertainty about future federal funds.