November 19, 2021 – A look at recent issues of the Monthly Treasury Statement shows that the huge influx of COVID-related aid to mass transit providers has “crowded out” regular federal mass transit spending by about $3 billion since the start of the pandemic, with more spending slowdowns to come.
November 17, 2021 – Scorekeeping rules required CBO to minimize the deficit increase to be caused by the infrastructure bill. The true deficit increase will be closer to $375 billion, not $256 billion.
November 16, 2021 – The Treasury Secretary said today that the $118 billion bailout contained in the infrastructure bill that President Biden signed into law yesterday could increase the federal debt to the edge of the current legal limit.
November 16, 2021 – The infrastructure bill signed by the President yesterday means there are no more highway “donor states” (at least for the next five years – not even Texas.
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November 5, 2021 – Yesterday, the House Transportation and Infrastructure Committee met in a hearing to discuss “The Evolving Cybersecurity Landscape: Industry Perspectives on Securing the Nation’s Infrastructure.”
November 5, 2021 – On November 4, the House of Representatives passed a bill (H.R. 4679) naming the U.S. Department of Transportation headquarters building after former Transportation Secretary (and former Congressman, and longtime Eno Center Board of Directors member) Norman Mineta.
November 5, 2021 – The Joint Committee on Taxation has officially estimated that the cost to the Treasury of the revised electric vehicle purchase tax credit of up to $12,500 per vehicle would total $9.2 billion over the next decade. This estimate uses assumptions about EV sales far below the targets set by President Biden.
Tuesday, November 9 – House Transportation and Infrastructure – Subcommittee on Railroads, Pipelines and Hazardous Materials – subcommittee hearing on discrimination in passenger rail contracting (witness list to be posted here) – 11:00 a.m., 2167 Rayburn.