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Finance and Infrastructure Subcommittee

Finance and Infrastructure Subcommittee. Financing Recommendations. Financing Recommendations.

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Finance and Infrastructure Subcommittee

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  1. Finance and Infrastructure Subcommittee Financing Recommendations

  2. Financing Recommendations • Authorize TIGER (Transportation Investment Generates Economic Recovery Grants) for small-starts and projects of national and regional significance for mega-projects on a permanent basis with guaranteed funding at current levels or greater • Revenue Distribution Mechanism • Mode: Multi-modal

  3. Financing Recommendations • Ensure 100% of the Harbor Maintenance Trust Fund is used for its original purposes with expanded qualifying activities • Revenue Distribution Mechanism • Mode: Waterways • Restore purchasing power of the gas and diesel tax via a 8.5 cent increase and index both to inflation • Revenue Collection Mechanism • Mode: Surface Transportation

  4. Financing Recommendations • Replace fuel taxes with a road user tax based on how many miles motorists travel on public roads • Revenue Collection Mechanism • Mode: Surface Transportation • Creation of a Federal Freight Trust Fund – $6 billion per year for 20 years • Revenue Distribution Mechanism • Mode: Multi-modal

  5. Financing Recommendations • Increase funding for competitive grant program for megaprojects of regional and national significance • Revenue Distribution Mechanism • Mode: Multi-modal • Apply a user fee of a percentage of the cost of the transportation of goods • Revenue Collection Mechanism • Mode: Multi-modal • Increase fuel tax paid by barge industry 6 to 9 cents per gallon • Revenue Collection Mechanism • Waterways

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