AGRIBUSINESS: Shipper Fuel Tax Hike For Aging Waterways

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
An aging locks and dams system on the Upper Mississippi, including Iowa's eastern boundary, is in need of funding. Normally that's managed by a barge fuel tax hike that the shipping industry itself supports; but this year is an election year, and tax bills are not progressing.
However, Waterways Council Senior Vice President Debra Colbert says a recent discussion draft out of the House Ways and Means Committee contained a call for a 6¢ hike on the 20¢ per gallon that shippers already pay for fuel used on the inland waterway system.
Colbert estimates a 26¢ per gallon fuel tax would generate roughly $100 million annually, which the federal government would match.
Colbert is also optimistic that casting the tax hike as a user fee will sell the increase to legislators who have taken a "no new taxes" pledge.
Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.