Operations

Congress May Approve Gas Guzzler Exemption

Posted on August 3, 2005 by LCT Staff - Also by this author - About the author

WASHINGTON, D.C. — Congress is on the verge of approving $286.4 billion in highway and mass transit money for the states, sending lawmakers home for their summer vacations bearing big gifts of roads, bridges and jobs.

The House was to vote on the six-year measure, its last major act before recessing for the six-week summer break. The Senate was set to follow suit. With the president's expected signature, passage of the act would end an almost two-year impasse in which Congress and the White House battled over the proper spending levels and states were at odds over how best to divide up the billions in federal highway money.

The bill would direct federal funds to thousands of projects requested by members, from $200 million for a bridge in Alaska to $2 million to pave roads on a South Dakota Indian reservation.

The nation has been without a new act since September 2003, when the 1998-2003 law, funded at $218 billion, expired. Since then, Congress has had to pass 11 temporary extensions to keep money flowing to the states for construction projects. That delay has disrupted schedules for new projects and prevented the hiring of tens of thousands of construction workers.

The final funding level for the 2004-‘09 period is nearly $100 billion less than lawmakers and transportation officials have said is necessary to make real improvements in the nation's deteriorating, congested and unsafe roads and bridges.

Lawmakers said they were generally satisfied. The bill, said Sen. Jim Jeffords (I-Vt.), who heads the minority on the Senate Environment and Public Works Committee, "will make our nation's roads and bridges safer and less congested and create thousands of jobs from coast to coast.'

"It's not going to solve the nation's congestion crisis, but it is a step in the right direction,' said Ed Mortimer, director of transportation infrastructure at the U.S. Chamber of Commerce.

The bill also designates hundreds of new bus terminals, railways, bike trails, pedestrian walkways and parking lots. Mass transit receives more than 18% of the money, more than $50 billion, while $6 billion is set aside for transportation safety programs.

Sen. Max Baucus, D-Mont., top Democrat on the Finance Committee, said he had succeeded in inserting a provision in the bill to reopen a closed runway at Malmstrom Air Force Base.

The Finance Committee also inserted several new tax provisions, raising $495 million over 10 years by funneling some taxes on kerosene used as diesel into the Highway Trust Fund, while exempting limousines over 6,000 pounds from the Gas Guzzler tax, at a cost of $46 million over 10 years. It also caps the 10% excise tax on fishing rods at $10.

View comments or post a comment on this story. (0 Comments)

More News

Anti-Trump Protesters Block Uber Headquarters

The TNC's CEO Travis Kalanick is one of several technology executives who's part of the president's Strategic and Policy Forum.

Toronto Operator Emphasizes Occasions

WebXclusive: Ash Fadil works to provide experiences that will have his clients coming back for more than just one special event.

What Judges Look For In OOY Award Entries

Read up on what some contenders have already submitted in their running to become an Operator of the Year.

Atlanta Operator Supports Strength In Numbers

Chad Casey knows industry involvement is a must when discovering new affiliates.

Chauffeur Retention Made Easy: Show You Care

WEB-X-CLUSIVE: The key to happy employees is understanding what they mean to you and your business.

See More News

Facebook Comments ()

Comments (0)

Post a Comment

Submit

Blogs

See More

See More

See More

See More

LCT Store

LCT Magazine - January 2017 $12.95 THE MONEY ISSUE COVER STORY: * Dashboard Helps Steer Company Finances * *



Connect

Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close