White House Warns Highway Trust Fund Is Low On Funds

The Obama administration has sent to Congress a four-year $302 billion infrastructure bill. It proposes closing corporate loopholes to make up for lost revenues from the gas tax.

Copyright © 2014 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

STEVE INSKEEP, HOST:

The Obama administration has sent Congress a $302 billion measure to fund highway and other infrastructure. The White House contends that unless Congress acts, the Highway Trust Fund will run out of money this summer.

Here's NPR's Brian Naylor.

BRIAN NAYLOR, BYLINE: The Obama administration proposes closing some corporate tax loopholes to augment money raised by the gas tax. Transportation Secretary Anthony Foxx also wants to give states the authority to put new tolls on interstate highways.

SECRETARY ANTHONY FOXX: Giving states more tools to be able to maintain and improve and expand the infrastructure they have, is what we think is appropriate under the circumstances.

NAYLOR: The wide ranging measure would also raise the penalty to as much as $300 million for automakers who sell unsafe cars.

FOXX: They could be set higher to assure that, when a violation occurs, it is more than a rounding error.

NAYLOR: The administration's corporate tax proposal is likely to be a non-starter in the Republican-controlled House. But Foxx says its time for everyone to put their ideas on the table to find common ground.

Brian Naylor, NPR News, Washington.

(SOUNDBITE OF MUSIC)

INSKEEP: It's MORNING EDITION from NPR News.

Copyright © 2014 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.