WASHINGTON (AP) — A House committee has taken a step 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 a bill by Republican Rep. Dave Camp of Michigan that cobbles together $11 billion in pension tax changes, customs fees and money from a fund to repair leaking underground fuel storage tanks to shore up the federal highway trust fund through May 2015. Camp is chairman of the transportation panel.
But Democrats oppose the plan, saying it allows Congress to put off finding a long-term solution to the chronic money shortage that has kept transportation aid teetering on the edge of insolvency since 2008.
Republicans say more time is needed to reach a long-term solution.