The Senate Finance Committee considered measures June 26 to help boost the Highway Trust Fund, which is in danger of running dry by August.
Sen. Ron Wyden (D-Oregon), committee chairman, had proposed an increase on the cap on vehicles exceeding 97,000 pounds from $550 to $1,100. His plan was supported by Barbara Boxer (D-California), chairwoman of the Environment and Public Works Committee. But Wyden pre-empted debate over the tax in his opening remarks, agreeing to strike the truck tax in exchange for other bipartisan considerations.
Bob Corker (R-Tennessee) had called the plan a “complete sham.” Corker and Chris Murphy (D-Connecticut) have proposed increasing the gas and diesel taxes by 6 cents each year for the next two years. Their bipartisan plan is applauded by the American Trucking Associations. And, Sen. Tom Carper (D-Delaware) proposed an amendment June 25 that would provide annual 4-cent increases in gas and diesel taxes.