House of Representatives Extend Highway Funding –
> July 18, 2014
The US House of Representatives voted 367 to 55 July 15 to transfer from the General Fund $10.8 billion into the Highway Trust Fund, extending current highway and transit policy and funding through May 31, 2015. The ten-month patch would be paid for with yet another combination of changes to pension rules, an extension of customs fees and a $1 billion transfer from the Leaking Underground Storage Tank trust fund.
The National Stone, Sand and Gravel Association sent a letter to all members of the House prior to the floor vote urging support for the bill while also reiterating that Congress must immediately turn its attention to addressing the long-term viability of the Highway Trust Fund. The focus of attention is now squarely on the Senate where the Finance Committee approved a $10.8 billion patch of its own July 10 that would use offsets similar to the House version but includes some tax compliance measures that are drawing fire from the House GOP.
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To Fix Transportation, Tell Feds to Hit the Road
>Kyle Wingfield (OPINION) -
AJC / July 17, 2014
Crises typically aren’t solved in Washington, just delayed. So it goes with this week’s “fix” for transportation funding.
There’s a sense of relief in the transportation industry after the House passed, and the White House endorsed, a temporary funding measure to the tune of $10.8 billion. The Senate is expected to agree to it, pushing to at least next spring a severe funding shortage for roads and transit projects that was set to hit next month. CLICK HERE for complete article.