Posts Tagged ‘Highway Trust Fund’

Congress Fiddles While Bridges Crumble

It isn’t news that congressional Democrats and Republicans have agreed to spend the time between now and the November elections messaging, rather than legislating. When it comes to domestic policy it has only two real issues on its must-do list: Deciding the fate of 50+ tax breaks that expired last December and figuring out what […]

Fiscal Magic: Paying for New Highways by Cutting Corporate Taxes

Does it make sense to fund much-needed roads, bridges, and mass transit with a big tax cut for multi-national corporations? A growing number of Democrats and Republicans seem to think so. But I have my doubts. At first glance, what could be more appealing? At a time when the Highway Trust Fund is grossly underfunded–thanks […]

Time to End Washington’s Trust Fund Gimmicks

Why do we bother with government trust funds? As the Senate’s just-passed highway bill proved yet again, Congress is turning these funds into little more than accounting shams. In theory, it makes sense to establish special accounts where designated revenues are set aside for a specific purpose. But in practice, Washington is grossly abusing the […]