Topics: Tax Reform

Sen. Roberts Introduces Bill to Make Bonus Depreciation Permanent

U.S. Senator Pat Roberts (R-Kan.) on June 24 introduced legislation that seeks to amend the U.S. tax code to indefinitely renew the expired tax break known as bonus depreciation. More

Rep. Boustany Opposes Using International Tax Reform for Highways

A key Republican working on a plan to rewrite the international tax code, said he would oppose any efforts to use his plan to help financing a highway funding package, Politico reported. More

Senate Bill Seeks Infrastructure Tax Credit

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. More

Virginia Pilot Urges Elected Officials to Increase Federal Fuel Tax

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. More

House T&I Chairman Reaffirms Opposition to Fuel Tax Increase

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. More

ARTBA Proposes Fuel Tax Increase With Rebates

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. More

GOP Senator Addresses Fuels Tax Increase

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. More

Rep. Ryan Eyes Corporate Tax Reform to Fix Highway Trust Fund

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. More

House Passes Small Business Tax Break

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. More

Bill Proposing 15-Cent Fuel Tax Increase Reintroduced

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. More

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