In 2015, Congress passed a five-year highway & transit bill, known as the Fixing America’s Surface Transportation (FAST) Act.
Unfortunately, the bill did not provide a long-term sustainable revenue source for the Highway Trust. Instead, it transferred $70 billion from the General Fund to the Highway Trust Fund. What this means is that when the FAST Act expires on September 30, 2020, the Highway Trust Fund will require an estimated $18 billion annually just to maintain its current investment levels.
As Congress and the Administration begin considering comprehensive tax reform there is an opportunity to provide a long-term fix to the Highway Trust Fund and avoid a disruption to the transportation construction market in the coming months and years.
Urge your member of the House of Representatives to sign on to the bipartisan letter urging for a Highway Trust Fund fix as part of tax reform.