President signs highway funding extension
President Obama Sept. 16 signed legislation that extends taxes funding federal highway spending through March and the Federal Aviation Administration through January.
The Surface and Air Transportation Programs Extension Act of 2011 (H.R. 2887) resulted from an agreement between House and Senate leaders and was seen as a high priority because both federal highway and FAA funding was due to expire.
The American Trucking Associations said that while a jobs proposal announced earlier this month by Obama could boost employment temporarily, it is no replacement for passing long-overdue multiyear transportation legislation.
Graves said that while the $27.5 billion in Obama’s jobs proposal would help the nation’s economy by funding needed repairs and expansion of roads and bridges, it doesn’t solve the real problem.
Graves also said ATA was skeptical of the president’s plans for an infrastructure bank and for using increases in other taxes to pay for roads and bridges and other programs in the jobs bill.