Marketplace interviews Jim Burnley on fixing Highway Trust Fund revenue stream

1 min

On June 24, 2015, Marketplace interviewed Venable partner Jim Burnley on potential fixes to the Highway Trust Fund revenue stream. One potential fix with bipartisan support is a corporate tax holiday on money kept overseas. The proposal would temporarily reduce the corporate tax rate with the idea of getting money back in the U.S. that could be used to fund road and bridge projects.

Burnley called the proposal "a temporary fix" and pointed to federal commissions which suggested a vehicle miles traveled tax as a more permanent fix. "You tax based on how many miles a vehicle is driven each year. And you do that regardless the mode of power of the vehicle." He added that the proposal "is a good fix in a time of increasingly fuel efficient cars — if they use fuel at all. And it's also a fix…that isn’t being entertained by Congress."