NAPA applauds passage of ‘One Big Beautiful Bill’
NAPA issued the following statement following passage of the One Big Beautiful Bill today:
On behalf of the asphalt pavement industry, we appreciate the work of our elected officials these last few months leading to today’s passage of the One Big Beautiful Bill. NAPA’s Government Affairs team has been working with our members since early 2024 on potential tax policies that best position asphalt pavement producers to successfully propel the domestic economy while connecting Americans coast to coast.
Last fall, 140+ NAPA members took those concepts directly to lawmakers on Capitol Hill, sharing the direct impact of federal policies such as Section 199A reform, bonus depreciation for items like heavy industrial equipment, R&D tax credits to spur innovation, and estate tax changes on their largely family-run businesses.
“We’re extraordinarily pleased that these necessary updates to taxes on small and medium American businesses were implemented in passage of the One Big Beautiful Bill.”
– Nile Elam, NAPA Vice President of Government Affairs.
Following insightful industry testimony before the T&I Committee, NAPA was pleased that the House acted to generate the first new revenue sources for the Highway Trust Fund (HTF) in three decades, finally capturing electric and hybrid vehicles, which at present pay little to no funds into the HTF.
“Though it was stripped from the Senate version, this effort by the House was a welcome and long-overdue effort to address the HTF’s user-fee shortfall,” added Elam. “We simply can’t allow the HTF to continue teetering on financial insolvency as we head into a critical highway reauthorization deadline next fall.”
NAPA has long advocated for HTF solvency along with a willingness to consider any and all innovative solutions. Ensuring all roadway users pay into the HTF is a fundamental solution for shoring up the HTF and introducing user-fee equity.
“NAPA will continue engaging policymakers to ensure the long-term economic security of our surface transportation network,” said NAPA President & CEO Audrey Copeland, PhD, PE, “because this system is critical to American prosperity – moving people and commerce smoothly, efficiently, and safely.”
The August recess is a great time to host your Member of Congress at your plant or jobsite.
Interested? NAPA’s Government Affairs team can help!
NAPA has the resources to support your efforts to build strong relationships with your elected officials while also creating policy champions that will help safeguard the longevity of the asphalt pavement industry. Email Vice President for Government Affairs Nile Elam or Government Affairs Director Mitch Baldwin to learn more.
