TITLE: Revenue Issues Related to the Highway Trust Fund

CIS-NO: 2003-S361-19  
SOURCE: Committee on Finance. Senate  
DOC-TYPE: Hearing Retrieve the full text of testimony  
DOC-NO: S. Hrg. 107-896  
DATE: May 9, 2002  
LENGTH: iii+91 p. il.  
CONG-SESS: 107-2  
ITEM-NO: 1038-A; 1038-B  
SUDOC: Y4.F49:S.HRG.107-896  
 
GPO-STOCK-NO: 552-070-29659-0.

SUMMARY:
Hearing to examine the financial condition and operation of the Highway Trust Fund, focusing on accuracy and methodology of financial forecasts estimating sufficiency of future excise tax receipts to fund Highway Trust Fund highway and transit programs.
 
Supplementary material (p. 25-91) includes witnesses' written statements and written replies to Committee questions and correspondence.

CONTENT-NOTATION: Hwy Trust Fund status and funding forecasts

DESCRIPTORS:  
    EXCISE TAX; HIGHWAY TRUST FUND; HIGHWAYS; PROJECTIONS

03-S361-19 TESTIMONY NO: 1     May 9, 2002 p. 6-90
 
WITNESSES (and witness notations):
   LYON, ANDREW B. (Deputy Assistant Secretary, Tax Analysis, Department of Treasury)
   HECKER, JAYETTA Z. (Director, Physical Infrastructure Issues, GAO)
   CAWLEY, KIM P. (Unit Chief, National and Physical Resources Cost Estimates Unit, CBO)
 
STATEMENTS AND DISCUSSION:
   Background on and explanation of Highway Trust Fund financing mechanisms and operations; overview of recent trends in highway-related excise tax receipts; factors affecting Highway Trust Fund revenues; review of estimated future Highway Trust Fund receipts, with details on forecasting methods (related graphs and tables, p. 32-44 passim).
   Recommendations to reduce fluctuations in Highway Trust Fund receipts forecasts; concerns related to recent decreases in highway-related excise tax receipts.
 
CONTENT NOTATION:
   Hwy Trust Fund status and funding forecasts
 
TESTIMONY DESCRIPTORS:
   CONGRESSIONAL BUDGET OFFICE; DEPARTMENT OF TREASURY; GENERAL ACCOUNTING OFFICE

LOAD-DATE: July 30, 2003