Senate Democrats unveil $9B for highway bill

(File) (Mark Wilson, Getty Images)
(File) (Mark Wilson, Getty Images)
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 6/24 11:29 am

WASHINGTON (AP) — Senate Democrats on Tuesday unveiled a $9 billion plan to prevent states from facing a cutoff of federal highway construction money as early as this summer.

Finance Committee Chairman Ron Wyden proposed the measure, which would raise taxes on heavy trucks as part of a plan to keep the U.S. highway fund solvent through the end of the year.

The measure also tightens reporting requirements for the mortgage interest deduction and toughens the rules for requiring payment of taxes when people under-report income from property sales.

House GOP leaders have suggested using savings from allowing the Postal Service to end Saturday mail delivery as a way to finance highway projects.

The Finance panel is slated to vote on the measure on Thursday

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share
NEWSCASTS ON DEMAND

What's On

All content © Copyright 2014 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.