Wednesday, February 22, 2017

Senate Democrats unveil $9B for highway bill, includes raising taxes on trucks


Tuesday, June 24, 2014
by Andrew Taylor

Finance Committee Chairman Ron Wyden proposed the measure, which would raise taxes on heavy trucks as part of a plan to keep the U.S. highway fund solvent through the end of the year.
Finance Committee Chairman Ron Wyden proposed the measure, which would raise taxes on heavy trucks as part of a plan to keep the U.S. highway fund solvent through the end of the year.

WASHINGTON — Senate Democrats have unveiled a $9 billion plan to prevent states from facing a cutoff of federal highway construction money as early as this summer.

Finance Committee Chairman Ron Wyden proposed the measure, which would raise taxes on heavy trucks as part of a plan to keep the U.S. highway fund solvent through the end of the year.

The measure also tightens reporting requirements for the mortgage interest deduction and toughens the rules for requiring payment of taxes when people under-report income from property sales.

House GOP leaders have suggested using savings from allowing the Postal Service to end Saturday mail delivery as a way to finance highway projects.

The Finance panel is slated to vote on the measure on Thursday


The Trucker staff can be reached to comment on this article at editor@thetrucker.com.

Find more news and analysis from The Trucker, and share your thoughts, on Facebook.

Video Sponsors