Reps. Young, Oberstar Call for $375 billion in TEA-21 Successor
House Transportation and Infrastructure Committee Chairman Don Young (R-Alaska) and other leaders of the panel have recommended a $375-billion plan for the next, six-year surface transportation bill, an increase of more than 70% over the funding provided in the1998 Transportation Equity Act for the 21st Century.
In testimony at a March 6 House Budget Committee hearing, Young and Oberstar asked that the next budget resolution include $50 billion in fiscal 2004 and $375 billion through 2009 to cover the surface transportation legislation. To raise the additional revenue, Young said that "the revenue mechanisms that fund the Highway Trust Fund must be adjusted," but didn't provide specific recommendations.