Sens. Ron Wyden (D-Ore.) and John Hoeven (R-N.D.) on May 3 introduced a measure that would expand the use of tax-exempt bonds and create a new tax credit aimed at increasing private investment in public infrastructure projects.
05-06-2015 If Congress and the President are serious about repairing the nation’s deteriorating infrastructure and laying a foundation for long-term growth, they need to raise the federal gas tax, the Virginia Pilot Editorial Board recently wrote.
05-01-2015 House Transportation and Infrastructure Committee Chairman Bill Shuster (R-Pa.) reaffirmed his opposition to increasing the motor fuels tax as a means of funding surface transportation, but said lawmakers must identify a funding mechanism by Easter recess if they want to pass a long-term bill before current law expires May 31.
03-20-2015 The American Road and Transportation Builders Association on March 12 proposed that Congress increase the federal gasoline and diesel motor fuels tax by 15 cents per gallon and offset the cost with a federal tax rebate for low and middle income families as a means of funding long-term surface transportation.
03-13-2015 Republican Senator David Vitter (R-La.) said Feb. 25 that he would be open to increasing the federal motor fuels tax to fund transportation projects provided the hike was offset by a cut somewhere in the nation’s tax code.
02-27-2015 House Ways and Means Committee Chairman Rep. Paul Ryan (R.-Wisc.) said repatriation of corporate earnings held overseas would help to fix the Highway Trust Fund provided it was part of overall corporate tax reform, Politico reported.
02-23-2015 The U.S. House of Representatives on Feb. 13 voted 272 to 142 in favor of H.R. 636, America’s Small Business Tax Relief Act of 2015, which would permanently extend Section 179 expensing of up to $500,000.
02-15-2015 Rep. Earl Blumenauer (D-Ore.) reintroduced legislation Feb. 4 to increase the federal gas tax 15-cents per gallon over three years, nearly doubling the tax by 2018. The bill also would increase the diesel tax at the same rate for three years and tie both taxes to inflation.
02-05-2015 The U.S. House of Representatives on June 12 passed a pair of bills that would make two tax breaks for small businesses permanent, including the expiring section 179 expensing provision.
06-13-2014 NATSO joined more than 150 associations representing small business owners from every industry sector in expressing support for America’s Small Business Tax Relief Act of 2014, which seeks to restore the small-business expensing level to $500,000 and permanently index it to inflation.
06-09-2014 Sen. Max Baucus (D-Mont.) unveiled the latest package in a series of proposals to overhaul America’s tax code. As part of the proposal, the Senator released a discussion draft on energy tax reform and said he aims to “focus on streamlining energy tax incentives so they are more predictable and technology-neutral.”
12-20-2013