A bipartisan push is under way in Congress to extend through this year certain tax credits that promote the adoption of alternatively powered vehicles.
The first highway bill has emerged in the 115th Congress— a two-pronged measure introduced on Feb. 1 by Nebraska's Sen. Deb Fischer.
Ten years in the making, a fully funded highway bill that runs longer than two years has become law.
Reaction of industry stakeholder groups to the highway bill compromise forged by Congress is mixed, but decidedly more positive than negative.
Just a day before current funding was set to expire, the Senate on Oct. 28 approved by voice vote the short highway-bill extension that had been passed by the House a day earlier.
Sen. Tom Carper contends all that’s needed to restore the Highway Trust Fund is to raise federal fuel taxes by four cents a year for four years and then index the rates to inflation from then on.
The Senate passed its massive and contentious long-term highway bill and then approved the three-month extension of federal highway funding passed earlier by the House. The $8 billion patch, which runs out on October 29, has been sent to President Obama, who is expected to sign the bill.
As of late Sunday evening, Senate Majority Leader Mitch McConnell had managed to steer the multi-year highway bill introduced last week beyond some legislative potholes that had threatened to slow the process of getting the measure to the House for consideration.
The Senate voted on Wednesday to move forward a bipartisan highway bill that had been blocked by a procedural vote just a day before.
Two top Senators reached agreement today to put forward a bipartisan, multi-year highway bill that would fund projects for the next three years — leaving it to the next Congress to determine how to fund its final three years.
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