Innovation Newsbriefs
Vol. 25, No. 16
Has the time come to reconsider the way we pay for transportation? Should the Highway Trust Fund and its fuel tax revenue continue as the main source of funding for the federal transportation program? If not, what are the alternatives? And more broadly, is the age of long term reauthorizations and of heavy reliance on federal funding, drawing to a close?
Posts Tagged ‘Innovation Newsbriefs’
Rethinking Transportation Funding
Tuesday, December 9th, 2014Transportation Policy and Funding in the Post-Election Climate
Wednesday, November 12th, 2014Innovation Newsbriefs
Vol. 25, No. 15
The mid-term elections have put an end to any lingering hope of passing a long-term transportation bill during the congressional lame duck session. Such hope was recently expressed by Transportation Secretary Anthony Foxx, and two Democratic senators, Tom Carper (D-DE) and Barbara Boxer (D-CA), Chairman of the Senate Environment and Public Works Committee…But with the November elections heralding a fiscally more conservative political climate and with Congress preoccupied with a whole lot of unfinished business, passing a massive multi-year multi-billion funding bill for transportation during the lame duck session will be the last thing on the lawmakers’ minds.
Obama’s Disappointing Legacy on Transportation Policy
Monday, October 20th, 2014Innovation Newsbriefs
Vol. 25, No. 14
For a long time, the nation’s transportation policy escaped critical scrutiny. Not any longer. The Council on Foreign Relations (CFR) — hardly a partisan anti-Obama cabal —has published a hard-hitting but carefully balanced critique of the Administration’s handling of the federal transportation program. Authored by Rebecca Strauss, associate editor of CFR’s “Renewing America” policy briefs, the article singles out a series of failed policy initiatives, notably Obama’s signature high-speed rail project (“it has turned into an embarrassment”), proposals for a $10 billion infrastructure bank and a $50 billion “Fix-it-First” program (both ignored by Congress); and failure to submit to Congress a legislative proposal for a multi-year surface transportation program for the first five-and-a-half years of the presidency.
Will There Be a “Tipping Point” for High-Speed Rail in the U.S.?
Monday, October 6th, 2014Innovation Newsbriefs
Vol. 25, No. 13
Count me among the skeptics…Former Transportation Secretary Ray LaHood liked to justify a national HSR program by drawing a parallel with the commitment to build the Interstate Highway system. But the analogy is misleading. What made the Interstate highway program politically feasible and financially sound was the concept of a user fee collected from millions of highway users and dedicated exclusively to the program. A national rail program could not hope to have this kind of revenue stream. Instead, it would need to depend on massive federal subsidies for years to come.
The High-Speed Rail Debate Revisited
Tuesday, August 19th, 2014Innovation Newsbriefs
Vol. 25, No. 12
Two recent columns in the New York Times (both reprinted below) have revived the semi-dormant debate about the future of high-speed rail in America. The first column, by New York Times correspondent Ron Nixon, casts a skeptical eye on the Administration’s high-speed rail program and concludes that “despite the administration spending nearly $11 billion since 2009….the projects have gone mostly nowhere…”
The second column, closely following the first, is an opinion piece by the Times’ editorial board. The editors may have felt obliged to respond to the highly critical assessment of the White House initiative by one of their own reporters.
View this complete post...12 U.S. DOT Secretaries Speak, But Won’t Agree on a “Fix”
Monday, July 28th, 2014Innovation Newsbriefs
Vol. 25, No. 10
The 12 bipartisan secretaries allude in their letter to their combined experience stretching back over 35 years. Indeed, they arguably have more institutional knowledge, experience and expertise in transportation funding than the whole current Congress combined. Their coming together at this moment also bespeaks to their above-the-fray non-partisanship and general collegiality…So the obvious question for them is: Why can’t they, or why won’t they, make a single substantive consensus recommendation on exactly how transportation funding should be increased?
States’ Transportation Revenue Initiatives Help to Compensate for an Absence of Congressional Action on Long-Term Funding
Tuesday, July 15th, 2014Innovation Newsbriefs
Vol. 25, No.
While transportation stakeholders and the Washington press corps focus on the impending insolvency of the Highway Trust Fund and bemoan the fact that the House-Senate agreement to replenish the Trust Fund provides only short-term funding ($10.8 billion) through May 2015, they are ignoring developments outside the Beltway that go a long way toward compensating for an absence of congressional action on long-term funding. For in fact, individual states, far from sitting idly by, are responding to the fiscal uncertainties in Washington by stepping up and raising additional revenue to meet their transportation needs.
States’ Fiscal Initiatives Offer a Solution to the Impending Trust Fund Shortfall
Friday, June 6th, 2014Innovation Newsbriefs
Vol. 25, No. 8
While transportation stakeholders and the Washington press corps are agonizing about the impending Highway Trust Fund shortfall and its impact on the federal transportation program, they are ignoring developments outside the Beltway that go a long way toward mitigating the prospective funding shortage. For in fact, individual states, far from standing idly by, are responding to the fiscal uncertainties in Washington by stepping up and augmenting their transportation budgets.
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