Highway-fund Tug-of-war Seen Sending House Bill To Obama – Bloomberg

Those provisions were vetted in the House before the measure was approved by the Ways and Means Committee , said the aides who spoke on condition of anonymity to discuss internal deliberations. The House bill, H.R. 5021, is scheduled for a vote next week. Senate leaders are prepared to try to clear that measure if Senate Finance Committee Chairman Ron Wyden s version doesnt gain much support, said the aides. The main divide in Congress is over how to boost long-term transportation funding, as current methods for financing, namely gasoline and diesel-fuel taxes, havent kept up with the pace of new projects. Time is running out and leaders are coalescing around a short-term fix. Transportation Secretary Anthony Foxx has said that without an agreement in Congress, federal payments to states will begin to slow as soon as Aug. 1. Tax Provisions Republicans probably wont support the Senate proposal because it would raise an additional $3.4 billion in tax revenue over 10 years with tax-compliance measures, according to a Republican aide who spoke on condition of anonymity to discuss the deliberations.
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