Create a CEG Account  /  CEG Login



President's "Budget Blueprint" Is a Missed Opportunity to Offer Permanent Highway Trust Fund Solution

The Transportation Construction Coalition responds to the recent budget proposals.

March 17, 2017 - National Edition
Construction Equipment Guide

The Transportation Construction Coalition (TCC) released the following statement about the Trump administration budget proposal:

"Encouraging as it is that the Trump administration's fiscal year 2018 Budget Blueprint includes a reference to the President's pending infrastructure package, it is disappointing that administration officials failed to include proposals to provide a permanent and sustainable solution for funding the Highway Trust Fund. As a result, the members of the Transportation Construction Coalition said the budget was a missed opportunity to address the chronic funding shortfalls that regularly threaten to undermine road, bridge and transit repair programs.

A permanent solution to the Highway Trust Fund's fiscal instability that would support the President's call for increased transportation infrastructure investment is the most effective way to achieve that goal. Since 2008, Congress has infused the trust fund with more than $140 billion in general fund transfers. While these steps have prevented dramatic reductions in federal highway and public transportation investment, the resulting uncertainty has led to project delays and diluted state efforts to implement long-term transportation improvement plans. Failure to resolve this issue once and for all prior to 2020 will require President Trump and Congress to either pass additional short-term stopgap measures or find a $110 billion off-set to pass a multi-year surface transportation bill.

Coalition members are also concerned that Budget Blueprint's cuts needed transportation investments to support increased defense and homeland security funding. Coalition members will continue to work with Congress and the Trump administration to preserve and grow federal transportation infrastructure investment as the fiscal year 2017 and 2018 appropriations process moves forward.”

For more information, visit www.transportationconstructioncoalition.com


Today's top stories

New SR 141 Alignment Promises Smoother Travel Through Middle Tennessee

Webber–United JV Advances $620M I-16/I-75 Interchange

Thompson Tractor Hosts Companywide Used Equipment Sale

Georgia Power Begins Construction of Battery Storage System

Werk-Brau Names Gold Coast JCB as South Florida Dealer

BOMAG Names Mid South Machinery Full Line Dealer for State of Mississippi

Louisiana Breaks Ground On $2.3B I-10 Calcasieu River Bridge

James River Equipment Named Newest Trimble Technology Outlet, Serving Customers in Mid-Atlantic


 





×

Stay Ahead of the Market

Get weekly equipment news, auction updates, and dealer insights — trusted by thousands of industry professionals.



39.95234 \\ -75.16379 \\ Philadelphia \\ PA \\ US \\ 19019