Home / Government / Highway Trust Fund fix advances in House

Highway Trust Fund fix advances in House

Associated Press

WASHINGTON (AP) – A House committee took a step Thursday toward keeping highway and transit aid flowing to states just three weeks before transportation programs are forecast to go broke.

The Ways and Means Committee approved by a voice vote a bill by its chairman, Rep. Dave Camp, R-Mich., that cobbles together $11 billion in pension tax changes, customs fees and money from a budget to repair leaking underground fuel storage tanks to keep the federal Highway Trust Fund solvent through May 2015.

Transportation Secretary Anthony Foxx has warned that by the first week in August the fund will no longer have enough money to cover aid promised to states, and the government will begin slowing down payments. The fund is forecast to reach a zero balance by the end of August.

Democrats oppose the Camp plan, saying it allows Congress to put off finding a long-term solution to the fund’s chronic money shortage problem, which has persisted since 2008.

An amendment by Rep. Earl Blumenauer, D-Ore., that would have committed Congress to passing a six-year transportation bill before the end of this year was defeated along party lines.

“It is a mistake to take the pressure off this Congress and kick it down the road,” Blumenauer said. Congress will likely have more difficulty reaching an agreement on a long-term plan next year during a presidential campaign, he said.

But Republicans said more time is needed to reach a long-term solution. Camp said he wanted to pay for the fund through the end of 2015 to buy more time to work on a longer-term bill but couldn’t find enough money in tax increases or spending cuts to do that.

“A funding package that just goes to the end of 2014 would only create a larger crisis in December,” he said.

House Speaker John Boehner, R-Ohio, said to reporters that he intends to bring the bill up for a vote in the House next week. It’s not clear, however, whether Boehner has enough votes to pass the measure without Democratic support.  Even if the GOP plan passes the House, it could run into trouble with Senate Democrats.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Leave a Reply

Your email address will not be published. Required fields are marked *