The League of American Bicyclists welcomed a record crowd to the 2012 National Bike Summit this morning. Over 800 attendees filled the basement of the Grand Hyatt Metro Center in Washington to hear remarks from federal lawmakers and officials about the state of bike advocacy in America — so large a crowd that president Andy Clarke […]
Any proposal to fund new U.S. infrastructure investment by taxing financial transactions — such as Rep. Pete DeFazio’s (D-OR) bill taxing Wall Street oil speculators — would require international participation to prevent the trades in question from migrating overseas, House Speaker Nancy Pelosi (D-CA) said today. House Speaker Nancy Pelosi (Photo: MoniqueMonicat) As House Democrats […]
As Streetsblog Capitol Hill readers may know, there is no love lost between lawmakers on the House transportation committee and President Obama’s economic advisers. When the Obama administration first pushed to delay the next federal long-term infrastructure bill by 18 months, transport panel chairman Jim Oberstar (D-MN) quipped that "folks in the economic gang at […]
As Congress mulls over solutions to the nation’s transportation funding gap, with an eye to passing new infrastructure legislation to reverse the rising unemployment rate, Rep. Pete DeFazio’s (D-OR) proposed tax on oil futures is picking up new fans in high places. Rep. Pete DeFazio (D-OR) (Photo: UPI) DeFazio’s legislation would levy a 0.2 percent […]
More than a month after he first proposed the idea, Rep. Pete DeFazio (OR) — along with 29 fellow Democrats — has introduced legislation that would levy a small tax on oil futures trades in order to close the yawning gap in the federal transportation budget. Oil traders on the New York Mercantile Exchange. (Photo: […]