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The Protecting Americans from Tax Hikes Act of 2015 will extend federal tax credits for alternative fuels that expired in 2014 and make some subsidies permanent.
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The House-Senate conference committee charged with writing a compromise highway bill announced completion today of the FAST Act, a "fully funded five-year plan for surface transportation reauthorization.”
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Congress has another two weeks to work on finishing up a highway bill, as President Obama Friday signed a bill extending federal transportation funding through Dec. 4. It was due to expire Friday night.
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A bipartisan bill to extend the authorization for federal highway and transit programs through Dec. 4 was introduced in the House Nov. 16.
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The highway bill passed by the House on Nov. 5 and the highway bill passed by the Senate in July are headed to a conference committee charged with working out any differences between the two measures.
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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.
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The House late Wednesday passed a short-term extension to keep federal highway funding going until October 29, right before members left on August recess, leaving the Senate to deal with before the looming Friday deadline.
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It looks like Congress is going to kick the can down the road again when it comes to highway funding after what looked like a game of "chicken" in recent days.
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UPDATED: An issue unrelated to transportation may keep the House from taking up the Senate's six-year highway bill. The clock is ticking as funds run out midnight Friday and the House is leaving for August recess.
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A bipartisan effort by four key Senators led the Senate Environment & Public Works Committee on June 24 to recommend that the full Senate consider a six-year bill that calls for spending $350 billion on surface-transportation infrastructure.
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