CBO: Boehner’s Mass Transit Funding Plan Would Cover Just 5 Percent of Transit Costs | Congress is currently working to re-authorize a big transportation funding bill, but Republicans have imperiled the process by proposing to stop using revenue from the fuel tax to pay for mass transit, instead restricting it to just highway spending. As an alternative, the GOP wants to make a one-time $40 billion allotment for mass transit. Speaker John Boehner (R-OH) has proposed expanded oil drilling in areas currently off limits to the practice, including areas in the Gulf of Mexico, off the coast of Virginia, and part of the Arctic National Wildlife Refuge, in order to raise the $40 billion. But today, the Congressional Budget Office found that Boehner’s proposal would raise just 5 percent of the funds needed to pay for the mass transit bill — $2.06 billion through 2016. Of course, this leaves aside the environmental damage that could occur from increased drilling.