Topics: Tax Reform

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

House Passes Pair of Tax Break Bills

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. More

NATSO Joins Broad Industry Group in Supporting Small Business Tax Relief

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. More

Baucus Releases Energy Tax Reform Discussion Draft

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." More

Legislation Proposes 15-Cent Fuel Tax Increase

With a major transportation funding shortfall projected for next year, Rep. Earl Blumenauer (D-Ore.) introduced legislation on Dec. 4 to increase the federal fuel tax 15-cents per gallon over three years. Rep. Blumenauer also proposes a study into mileage-based fees to fund transportation. More

Sen. Boxer: Highway Bill Follows Tax Reform

Senate Environment and Public Works Committee Chairman Barbara Boxer (D-Calif.) is waiting for action on tax reform legislation before proceeding with the transportation bill. Sen. Boxer and Senate Finance Committee Chairman Max Baucus (D-Mont.) have said that tax changes are needed to fix the Highway Trust Fund. Proposals being discussed include increasing the federal gas tax or implementing another fee that would go towards highway programs. More