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by Tyler Durden
By Mark Solomon of FreightWaves,
President Joe Biden has thrust a dagger into the heart of the federal motor fuels tax and, with it, the trust fund that’s long been dedicated to paying for highway projects.
So says Randy Mullett, a multi-decade veteran of the inside-the-beltway transportation wars and head of a Virginia-based consultancy. Biden’s staunch opposition to an increase in the federal fuels tax which hasn’t been raised since 1993 sends a clear message to Congress that the Highway Trust Fund, which for decades has used fuel tax proceeds to funnel money to states for road infrastructure projects, has reached the end of its useful life, Mullett said. The Trust Fund was created in 1956 to fund the interstate highway system and other road projects.
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Biden sends federal motor fuels tax packing, Washington insider says
President’s opposition to fuel tax increase to fund infrastructure sends signal the model is obsolete, Mullett says 3 minutes read Has Biden buried the fuel tax and trust fund? (Image: C-SPAN)
President Joe Biden has thrust a dagger into the heart of the federal motor fuels tax and, with it, the trust fund that’s long been dedicated to paying for highway projects.
So says Randy Mullett, a multidecade veteran of the inside-the-beltway transportation wars and head of a Virginia-based consultancy. Biden’s staunch opposition to an increase in the federal fuels tax which hasn’t been raised since 1993 sends a clear message to Congress that the Highway Trust Fund, which for decades has used fuel tax proceeds to funnel money to states for road infrastructure projects, has reached the end of its useful life, Mullett said. The Trust Fund was created in 1956 to fund the interstate highway system and
Virginia
United-states
Washington
Randy-mullett
Jonathan-gold
Joe-biden
Bill-clinton
National-retail-federation
Us-chamber
Congress-trust-fund
President-joe-biden
Highway-trust-fund