Senate Finance Panel Clears $35 Billion to Support TEA-21 Successor
The Senate Finance Committee has approved $35 billion in revenue raisers to help fund a $318-billion, six-year successor to the Transportation Equity Act for the 21st Century. Although the tax-writing committee cleared the package on Feb. 2 by a comfortable margin of 17-4, the Bush administration raised warning signals.
Supporters of the transportation measure won a procedural victory Feb 2, turning aside opponents' procedural attempt to delay the bill. The vote to cut off debate passed 75-11.