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Between 2008 and 2023, insufficient revenues in the Highway Trust Fund led the federal government to spend $275 billion in general tax dollars to keep the system solvent. [ 1 ] The Highway Trust Fund is a transportation fund in the United States which receives money from a federal fuel tax of 18.4 cents per gallon on gasoline and 24.4 cents per ...
Since 2008, more than $275 billion -- including $118 billion from the 2021 infrastructure law -- has been shifted from the general fund to the Highway Trust Fund to pay for road repairs.
Federal Aid Highway Act of 1956; Nader v. General Motors Corp. A court case in which consumer protection activist Ralph Nader claimed that GM had "conduct[ed] a campaign of intimidation against him in order to 'suppress plaintiff's criticism of and prevent his disclosure of information' about its products" Highway Trust Fund
The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [1] [2] Proceeds from the tax partly support the Highway Trust Fund.
In 2008, Obama suggested that the Bank would borrow US$60 billion of federal funding to invest in infrastructure over 10 years, while leveraging "up to $500 billion" of private investment. [2] It would invest in high-speed trains to provide an alternative to air travel, energy efficiency , and clean energy , among other kinds of public ...
Shortfalls in the Highway Trust Fund resulting from insufficient fuel taxes are offset by transfers from the Treasury's general fund. [5] The environmental review process is reformed in an effort to speed up project development. More projects will be categorically excluded from review, and there will be a four-year review deadline enforced with ...
It might have been a down year for most of us, with even hedge fund investors licking their wounds from big losses, but top the 25 hedge fund managers still walked away with billions.
Mary Peters held a press conference on September 5, 2008 to report that Highway Trust Fund payments to states, including her native Arizona, would be cut back because federal fuel tax collections were dropping.