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A Missouri House committee just voted to advance an effort to raise about $ 8 billion over the course of the next decade specifically for road and bridge repairs and maintenance. Now, I know what you’re thinking; that $ 8 billion has got to come from somewhere, and more than likely it’ll come from new and increased tolls.Turns out that not only will the money not be coming from new tolls, but the proposed resolution actually prohibits adding tolls to Interstates 70 and 44. Maybe it’ll be more fuel taxes or a dreaded mileage tax? Nope, this transportation work is going to be funded by a one-cent general sales tax.
Earlier this month in his State of the Union address, President Obama briefly touched on his “Fix-It-First” campaign, a plan to invest $ 50 billion into the nation’s transportation infrastructure with $ 40 billion going specifically to roads, bridges, transit systems, and airports. There was the idea that the things that were top priority would be fixed first, but that was about as specific as it got.
Now the White House has given a few more details. Apparently, bridges in disrepair or unable to bear the weight of commercial vehicles are just as much of a concern for the government as they are for truckers. The White House says that the plan could fix 80% of the bridges deemed structurally deficient.