Congress
Senate bill would boost business with tax break on equipment, property
Sen. Pat Roberts, R-Kan., introduced legislation to amend the U.S. tax code and make permanent a 50 percent depreciation bonus on new equipment and property purchases. The tax break previously expired. According to a press release, the bill would allow… Keep Reading
Metric provides another reason for long-term funding solution
A Federal Highway Administration report (FHWA) provides new leverage for the passage of a long-term highway bill. In its latest monthly “Traffic Volume Trends” report, which was released near the end of June, FHWA says Americans have driven a record… Keep Reading
Multiyear highway bill emerges
The Senate introduced a six-year, $275 billion bill to fund the federal government's highway program. The bill, called the Developing a Reliable and Innovative Vision for the Economy (DRIVE) Act, appropriates nearly $43 billion per year for transportation spending, The… Keep Reading
Congress explores highway funding sources in hearings
Both chambers of Congress explored sources to fund a surface transportation bill during hearings on Capitol Hill, the National Stone, Sand & Gravel Association (NSSGA) reports. The House Ways and Means Committee held a hearing on the long-term financing of… Keep Reading
House Speaker’s comments point to short-term highway bill
House Speaker John Boehner (R-Ohio) indicated Congress would likely have to pass a short-term highway bill, according to the Wall Street Journal. “There’s a conversation going on between Democrats and Republicans, House and Senate, over how to deal with the… Keep Reading
Advocates take action for highway reauthorization at TCC Fly-In
More than 500 individuals gathered in Washington, D.C., April 14-15 for the TCC Fly-In to urge Congress to take action on highway reauthorization before MAP-21 expires May 31. Those who attended represented 31 national associations and construction unions. The event… Keep Reading
House committee to discuss highway bill reauthorization
House Republicans scheduled a hearing on infrastructure funding as the May 31 expiration date of the federal highway bill approaches. According to The Hill, the House Transportation and Infrastructure Committee is scheduled to meet March 17 to discuss the reauthorization… Keep Reading
Highway funding: Gaining momentum
Legislators are actively formulating plans to shore up the Highway Trust Fund. The aggregates industry has been asking for another multi-year transportation infrastructure bill for years, and talk of one has heated up in recent months in Washington. Here’s a… Keep Reading
Majority of House calls on Congress to create long-term highway bill
A majority of both Republicans and Democrats signed a letter initiated by Reps. Reid Ribble, R-Wisc., Dan Lipinski, D-Ill., and Tom Reed, R-N.Y., to Speaker John Boehner, R-Ohio, and Minority Leader Nancy Pelosi, D-Calif., urging Congress to develop a long-term… Keep Reading
