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Highway programs extended until end of FY '11 with Obama's signing of jobs bill

Bill signed into law on March 18 maintains current highway spending through the end of the next fiscal year.

Mark Solomon
By Mark SolomonMar 18, 2010
Mark Solomon
Mark Solomon joined DC VELOCITY as senior editor in August 2008, and was promoted to his current position on January 1, 2015. He has spent more than 30 years in the transportation, logistics and supply chain management fields as a journalist and public relations professional. From 1989 to 1994, he worked in Washington as a reporter for the Journal of Commerce, covering the aviation and trucking industries, the Department of Transportation, Congress and the U.S. Supreme Court. Prior to that, he worked for Traffic World for seven years in a similar role. From 1994 to 2008, Mr. Solomon ran Media-Based Solutions, a public relations firm based in Atlanta. He graduated in 1978 with a B.A. in journalism from The American University in Washington, D.C.
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Funding for federal highway programs will be extended until the end of the 2011 fiscal year after President Obama signed a $15 billion jobs bill into law Thursday.

The Hiring Incentives to Restore Employment (HIRE) Act maintains current highway spending through the end of the next fiscal year.

Reauthorization of the Highway Trust Fund, which finances road and bridge construction, had been operating on a series of 30-day extensions. The current extension was set to expire on March 28.

Rep. James L. Oberstar (D-Minn.), chairman of the House Transportation & Infrastructure Committee, has been pushing for a five- to six-year reauthorization of the trust fund. The White House has sought only an 18-month extension.

Under the new law, businesses can immediately write off the full value of investments of up to $250,000 in equipment, rather than depreciating those investments over a period of years. In addition, the bill will allow employers to waive the payment of payroll taxes on workers they hire who had been unemployed for at least two months. The tax break will be in force through the rest of 2010.

ArticleTransportationRegulation/Government
april 2010
ArticleTransportationRegulation/Government
april 2010

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