Has there been any indication of the committment to HSR beyond the initial $8 bil?
I noticed that the tax plan of president Obama contemplates converting various airport taxes to user fees. In effect, this means actually using the various airport surcharges for actual airport improvements--how radical can you get? The budget puts this as a net $77 bil expenditure over the next ten years. Some similar expenditure would be a nice start to HSR.
I notice that one of the items was to raise capital gains tax to 20% for joint filers with AGI over $250,000, raising $117 billion over the next ten years. That sounds like the appropriate trade off for improved rail in my opinion.
I noticed that the tax plan of president Obama contemplates converting various airport taxes to user fees. In effect, this means actually using the various airport surcharges for actual airport improvements--how radical can you get? The budget puts this as a net $77 bil expenditure over the next ten years. Some similar expenditure would be a nice start to HSR.
I notice that one of the items was to raise capital gains tax to 20% for joint filers with AGI over $250,000, raising $117 billion over the next ten years. That sounds like the appropriate trade off for improved rail in my opinion.