In a good example of history repeating itself, Congress for the second year in a row is going down to the wire on a mid-summer deadline to replenish the Highway Trust Fund before it runs out of money.
If lawmakers can’t find a solution by July 31, states will not receive promised funding from the federal government to help pay for transportation projects, bringing many such projects around the country to an abrupt halt.
Proposals released last week rely on a flawed plan to temporarily replenish the trust fund. One of those proposals, however, does identify an alternative way to fund transportation spending that could be a long-term solution.
Lawmakers also have to reauthorize highway and transit programs after passing a two-month extension of them in late May. The short-term patch ensured that state governments could continue to be reimbursed for infrastructure projects during peak construction season, but lawmakers delayed action on needed reforms to transportation financing.
And make no mistake, the trust...