TCC Weighs In on Highway Trust Fund

Last week, the AGC-led Transportation Construction Coalition (TCC) sent a letter to Senate Finance Committee Chairman Max Baucus (D-Mont.) and Ranking Member Orrin Hatch (R-Utah) urging them to address the pending Highway Trust Fund (HTF) revenue shortfall as they work to finalize a comprehensive tax reform package. It has been estimated by the Congressional Budget Office that, in fiscal year 2015, the Highway Trust Fund will be unable to meet its obligations, which will result in a 100 percent cut to federal highway and transit programs for that fiscal year.  The HTF will need an additional $15 billion to avoid the programs being zeroed out in 2015. AGC and our other transportation stakeholders are continuing to educate members of Congress  about the fiscal cliff that the Highway Trust Fund is facing and urging them to address the revenue shortfall sooner rather than later.  All AGC chapters and members are encouraged to contact their Representative or Senator today – for more information on this issue, visit AGC’s Legislative Action Center. Please contact Sean O’Neill at (202) 547-8892 or oneills@agc.org with any questions or comments.