Fight Brewing Over House GOPs Transit Funding Plan
Authorizes $260 billion over five years. |
Not fully funded; needs additional revenue. |
Includes average of $41.1 billion per year for highways, $10.5 billion per year for transit, $1.2 billion per year for highway safety. |
Ends Highway Trust Fund contribution to transit. Provides onetime $40 billion from general revenue. Funding source not identified. |
Boosts direct federal TIFIA funding to $1 billion per year, from $122 million now. |
No federal infrastructure bank; encourages state infrastructure banks. |
Expedites projects’ environmental and other reviews. |
Consolidates or eliminates about 70 current surface-transportation programs. |
Ends mandatory set-aside for bike paths, walkways, other “transportation enhancements.” |
No funding earmarks for specific projects. |
Expands oil, gas drilling offshore in Arctic National Wildlife Refuge and oil-shale areas; raises newrevenue, some of which would go to transportation. Amount not specified. |
Sources: House Transportation and Infrastructure, natural Resources, Ways and Means Committees; AASHTO AASHTO AASHTO |
Isn't this the same old story. The budget deficit has to be cut but when an actual cut is proposed everyone is up in arms about it. If dollars are scarce they could make them go 30% fur...
March 26, 2012
Isn't this the same old story. The budget deficit has to be cut but when an actual cut is proposed everyone is up in arms about it. If dollars are scarce they could make them go 30% further by eliminating the Davis- Bacon wage rates.