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Posts Tagged ‘HIRE Act’

Innovative Financing Is No Substitute for New Funding

Monday, April 19th, 2010

Hoping to sustain interest in the Committee’s efforts to enact a new multi-year transportation bill during this session of Congress, Reps. James Oberstar (D-MN) and Peter DeFazio (D-OR), leaders of the House Transportation and Infrastructure Committee, convened a hearing on April 14 to explore innovative ways of financing highway and transit investments. But while the hearing provided a useful survey of available financing tools and programs, it produced no new answers to the key question that has bedeviled transportation advocates for many months and remains as the chief obstacle to moving the legislation forward— the question of how to pay for the proposed multi-year surface transportation program.

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The Federal Surface Transportation Program Gets a New Lease on Life

Thursday, March 25th, 2010

The HIRE Act (Hiring Incentives to Restore Employment Act, H.R. 2847, P.L 111-147), signed by the President on March 18, has placed the federal surface transportation program on a firm footing and taken the pressure off the lawmakers and the White House to come up with a more permanent solution — at least for a while.

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US Senate Action Fuels Infra Expenditures

Thursday, March 18th, 2010

“With $15 billion of investments, it unleashes tens of billions of dollars more in infrastructure – to build the infrastructure for the future in terms of how it unleashes funds from the highway trust fund.”
-Nancy Pelosi (D-CA), House Speaker

“One proven way to create good jobs in America is to build and maintain transportation infrastructure. By also authorizing the Highway Trust Fund through the end of 2010, this bill guarantees that states will be able to continue doing just that.”
-Ray LaHood, U.S. Secretary of Transportation

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