House Republican proposes $10.9 billion transport funding extension

U.S. House Ways and Means Committee Chairman Camp questions outgoing acting IRS Commissioner Miller during a hearing on the Internal Revenue Service targeting conservative groups on Capitol Hill in WashingtonBy David Lawder WASHINGTON (Reuters) – U.S. House Ways and Means Committee Chairman Dave Camp on Tuesday unveiled a $10.9 billion plan to extend U.S. transportation funding through May 31, 2015, aimed at averting cutbacks for construction projects due to start in August. Camp’s plan would raise $6.4 billion through pension fund-related revenue changes, $3.5 billion through customs user fees and the transfer of $1 billion from a fund used to clean up leaking underground storage tanks. With the Highway Trust Fund rapidly dwindling, the U.S. …

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