Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
1/16/2013 4:15:00 PM Write a Letter to the Editor Write a letter to the Editor

AASHTO Backs $50 Billion in Transportation Infrastructure Bonds

The head of the American Association of State Highway and Transportation Officials said Wednesday that Congress should pass legislation for a $50 billion bond program to fund needed transportation projects.

Such a program “would create thousands of jobs, stimulate economic recovery and improve mobility in every state,” said John Horsley, AASHTO’s executive director.

The Transportation Regional Infrastructure Project bond program would give every state $1 billion over six years for transportation and be paid for through U.S. customs fees, Horsley said at the Transportation Research Board’s annual meeting in Washington.

He also proposed that Congress convert the excise tax on fuels to a sales tax, and set it to an amount that would restore solvency to the Highway Trust Fund, which AASHTO says is currently spending $15 billion more annually than it receives in revenue.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2013, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising

TFM

EMU
iTech
© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement