Today’s Headlines

  • LaHood announces a $341 million loan for a direct freight tunnel to the Port of Miami (JOC)
  • An editorial board picks up on the imbalance between tax-credit subsidies for parking versus transit (Courant)
  • Among the ideas under consideration for a "stealth stimulus" of new economic-recovery proposals: an extension of the new homebuyer’s tax credit and extra tax refunds for unprofitable companies. More infrastructure isn’t on this list … (Time)
  • Congressional earmarking slows down the Department of Energy’s progress on new green R&D (TNR’s Avenue)
  • As the recession takes root, a closer look at America’s 10 poorest cities (ABC News)
  • Environmental advocates concerned that California’s new pay-as-you-drive insurance plan is toothless (Streetsblog LA)
  • A recap of last week’s citizen lobbying day on transportation reform and public health (T4A Blog)

ALSO ON STREETSBLOG

Could Electric-Car Tax Credits Become the Next “Cash for Clunkers”?

|
The White House’s commitment to electrified cars, fulfilling an Obama campaign promise to put 1 million plug-in hybrids into service by 2015, is bound to have serious ramifications for the nation’s already-crumbling system of paying for transportation. (Photo: MPR) But could the administration continue to leave the gas tax untouched while relying on taxpayer-subsidized rebates […]

Transit Benefit (Wrapped in Tax Cuts) Clears the Senate

|
The Senate voted 81-19 to support President Obama’s plan to extend the Bush tax cuts this afternoon. Some of those Senators probably didn’t even realize that they were also voting to extend equal tax benefits for transit commuters, on par with parking credits. One Senator was certainly aware. Democrat Bob Menendez of New Jersey told […]

Home Builders Net More Than $2.6B From Tax Break in Stimulus Law

|
The home-building industry scored a big win last year when Congress voted to double the tax credit for new home buyers and extend the break until next month. But that’s not the only legislative move that’s leaving smiles on home builders’ faces. (Photo: USDA) A tax break included in the Obama administration’s stimulus law is […]