Highway Trust Fund

The simple idea, cut diesel prices now and try to increase refinery capacity later.

So his bill would eliminate the 24-cent-a-gallon federal diesel tax, then use money from the federal government's general fund to replace what the Highway Trust Fund and Underground Storage Cleanup Fund would lose.

It would also try to get companies to build new U.S. refineries, By offering oil companies a bunch of big tax breaks.

I'm not sure that's going to go over well with voters.

She went on to say we need to use every option at our disposal to provide some relief from high prices.

Hinson said the government also needs to act to replenish the Highway Trust Fund so that Iowans don't suffer from crumbling roads and bridges while relief comes our way now.

Hinson's Democratic opponents, State Representative Josh Turek, previously proposed a plan to lower gas prices, issuing a call on September 16th for a pause on all diesel exports, temporarily suspending the federal gas tax and tapping the Strategic Petroleum Reserve to lower prices.

Turek said Ashley Hinson is failing Iowans.

The Build America Act, uh, the Build America two fifty Act was passed by the House this year.

It serves as a good marker for understanding some bipartisan policy positions heading into the new year, and it appears that the, the House at least centered in on a national registration fee as its preferred revenue solution to ensure solvency of the Highway Trust Fund moving forward.

In the meantime, we expect that the administration, uh, will continue its emphasis on utilizing infrastructure dollars to facilitate safety, goods movement to and from ports like the Port of Tacoma, family accessibility, and then beautification efforts.

Congress will also, at some point later on next year, turn its, uh, attention to the biennial Water Resources and Development Act.

And that $7.7 trillion includes governmental loans, intra-governmental loans rather, for military pensions.

The Highway Trust Fund is in there as well, a bunch of others, but Social Security and Medicare are by far the biggest.

And with more Americans retiring and starting to draw down on them-

Those trust funds are being depleted.

Iowans are being squeezed and shouldn't have to foot the bill at the pump with a checkout line for the war in Iran, says Henson, the GOP nominee in a tight race for U.S. Senate seat.

Henson's also calling for creation of a diesel relief program to help farmers and truckers and replenish the Highway Trust Fund.

These actions to lower costs are needed as soon as possible, and the war needs to be brought to a successful and immediate end, Henson says.

Henson's running for Senate against Democrat Iowa lawmaker Josh Turek, who has called for an embargo on U.S. diesel exports to bring down prices.

So this is one of these big things we didn't get to talk about much this year because of other things.

But there's a thing called the Highway Trust Fund that is running a deficit.

They're not bringing in enough money to cover the maintenance and repair of all of the infrastructure our country has.

and one of the ways you could you could make that whole that trust fund whole and it's been talked about for a long time is increasing the fuel tax but as of now the way the administration is looking at is we know there's going to be more and more pain at the pump what it looks like today may look nothing like it looks like in in three weeks or four weeks or in two months but if you can suspend the fuel tax you can at least take some of the money away and keep it a little bit softer and then you just defer maintenance on all the other stuff that you care about like the roads and bridges it's a very strange place to be and i asked this question to you craig because look i'm just a humble simple country lawyer i i try my best to read things and understand them but oftentimes my nature is to panic and i'm wondering right now craig should should i be panicking should our viewers and listeners should they be panicking or should we all just kind of keep humming along and hope for the best