Highway trust fund

Senator Barbara Boxer brought together transportation industry representatives this morning to highlight the damage that would be done to the economy if Congress doesn’t come up with a solution to the impending insolvency of the Highway Trust Fund. New CBO estimates, released this week [PDF], project that the fund will be zeroed out by the time MAP-21 expires at the end of Fiscal Year 2014. Boxer says she doesn't intend to wait until the last minute to act.

There are five stages of mourning, and Congress is moving through them as they begin to face the inevitability of increased revenues for transportation. Lawmakers been through denial, anger, and bargaining, and now they’re pretty solidly in the depression phase. That leaves just one more: acceptance.

President Obama’s transportation budget proposal can give you a contact high if you stand too close. The prospect of budget surpluses -- in the near-term, at least -- is intoxicating. And the source of those surpluses -- from Overseas Contingency Operations -- is a hallucination.

The House is a dangerous place these days. You want to have a fruitful conversation about how to solve the transportation funding crisis and you end up ruminating about whether to tax bikes.

Congress has seven weeks to come to some sort of agreement on the so-called "fiscal cliff," with two of those weeks devoted to photo ops and turkey dinners. The consequences are real: Transportation programs paid out of general fund transfers to the Highway Trust Fund, rather than gas tax receipts, are not exempt from the automatic spending cuts that are part of the fiscal cliff. Non-Trust Fund programs (Amtrak, New Starts, TIGER) are also vulnerable, and are expected to get a 7.6 to 8.2 percent cut taken out of them, according to Larry Ehl at Transportation Issues Daily.

With the election just days away, it’s a good time to reflect on what the Obama administration has done with transportation policy – and what a Romney administration might have in store. Streetsblog does not endorse candidates. This is an overview of their respective records and a look back at what we know of these two men. We’ll start with President Obama in this post and move on to Mitt Romney in the next one.

Over the past two weeks, the American Road & Transportation Builders Association has sent letters to the Republican National Committee [PDF] and the Democratic National Committee [PDF], asking them to consider inserting a plank in their platforms about transportation. And they were clear in their letter that, despite being major cheerleaders for road-building, the future they see is multi-modal.

David Burwell is the director of the Energy and Climate Program at the Carnegie Endowment for International Peace. He was also co-founder and CEO of the Rails-to-Trails Conservancy, and a founding co-chair and president of the Surface Transportation Policy Project, a national transportation policy reform coalition. 

The House of Representatives approved the transportation bill conference report this afternoon by a vote of 373 to 52. [UPDATE 4:00 PM: The Senate has also approved the bill, 74-19.] This is a bill that’s been called “a death blow to mass transit” by the Amalgamated Transit Union, “a step backwards for America's transportation system” by the Rails-to-Trails Conservancy, “a retreat from the goals of sustainability and economic resiliency” by Reconnecting America, “a substantial capitulation” by Transportation for America, and “bad news for biking and walking” by America Bikes.