For TEA-21 Successor: One Step Forward in Senate, One Step Back in House
Leaders of the Senate Finance Committee have proposed a package of transportation tax changes that would raise enough money to support the highway portion of a $317-billion successor to the Transportation Equity Act for the 21st Century. Committee Chairman Charles Grassley (R-Iowa) and the panel's top Democrat, Max Baucus (D-Mont.) have agreed on the tax package, aides say and the committee is slated to vote on the plan on Feb.2.
If approved by the panel, the revenue measure would be a key part of a multi-year transportation funding and policy bill. Senate floor debate could begin as early as that same day.