Ports-to-Plains Investors
Index

 

 

Newsletters

      Ports-to-Plains



 

 

 

 

 

Ports-to-Plains Alliance

« Texas, By Itself, Is Now The World’s Third Largest Oil Producer | Main | Amazon Transportation and Logistics Executive Shares View of the Future »
Wednesday
Jul252018

House GOP chairman introduces draft of infrastructure plan

“This discussion draft does not represent a complete and final infrastructure bill. It is meant to reignite discussions amongst my colleagues, and I urge all Members to be open-minded and willing to work together in considering real solutions that will give America the modern day infrastructure it needs," Shuster said.

The Hill

Rep. Bill Shuster (R-Pa.), the chairman of the House Transportation and Infrastructure Committee, released a draft of a long-awaited infrastructure plan on Monday that addresses possible funding sources for a number of potential projects, and levies taxes on multiple fuel sources.

The bill calls for significant federal investment in infrastructure projects and grant programs through at least 2021. It includes billions of dollars in grant funding, as well as trillions in appropriations for projects of national significance, though the numbers — along with the rest of the proposal — are subject to change.

To provide at least partial funding, the draft calls for a 15-cent-per-gallon tax on gasoline and a 20-cent-per-gallon tax on diesel. The increases would be phased in over a 3-year period. At that point, the fees would be indexed to inflation before they are ultimately eliminated in September 2028.

Shuster's plan includes "corresponding increases in similar user fees on alternative fuels," such as a 10 percent tax on the wholesale price of bicycle tires on adult bikes, as well as a 10 percent tax on the price of electric car batteries.

Read on…

References (3)

References allow you to track sources for this article, as well as articles that were written in response to this article.

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>