A bill to amend the Internal Revenue Code of 1986 to increase certain fuel taxes and to strengthen the earned income tax credit and make permanent certain tax provisions under the American Recovery and Reinvestment Act of 2009
Thomas R. CarperHighway Trust Fund
Other names for this bill...
The bill typically is referred to as the TRAFFIC Relief Act (TRAFFIC is a loose acronym for Tax Relief And Fixthetrustfund For Infrastructure Certainty).
This bill provides long term funding for transportation projects
This bill would increase the tax per gallon of gasoline to ensure the Highway Trust Fund has enough money to pay for road and other transportation projects.
Increases would take place in each of the next four years...
o In 2017 the tax would be 26 cents per gallon
o In 2018 the tax would be 30 cents per gallon
o In 2019 the tax would be 34 cents per gallon
After 2019 the tax would increase based on inflation.
The bill would make low-income tax credits permanent
The Earned Income Tax Credit and Child Tax Credit both are scheduled to expire at the end of 2017.
This bill would make both of those tax credits permanent. It also would make it easier for working Americans to qualify for and claim the Earned Income Tax Credit, and would increase the Child Tax Credit based on the rate of inflation.
More information
You can find more details about this bill at GovTrack.us.