Two powerful committees in Congress have signed off on separate but similar extensions that would prop up the Highway Trust Fund with $10.8 billion through May 2015.
The House Ways and Means Committee, chaired by Rep. Dave Camp, R-Mich., and the Senate Finance Committee, chaired by Sen. Ron Wyden, D-Ore., reported their bills to the floors of their respective chambers on Thursday, July 10.
The proposals are similar, calling for tax reforms and transfers rather than tax increases to bridge the gap. Debates were centered on the length of a short-term extension.
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