soon we will vote on final passage of a bill that will provide a long-term solution to the shortfalls of the highway trust fund. If enacted, this bill will provide the longest paid-for authorization of highway and transportation spending in nearly a decade. This bill is the result of an incredible amount of work by a number of Senators, including our distinguished majority leader as well as the chairman and ranking member of the Environment and Public Works Committee. I commend them for setting aside partisan differences to find a solution despite the cynicism and naysaying from some of our colleagues and others here in Washington. I am also pleased to have been able to play a part in these efforts, working with Leader McConnell to identify suitable offsets to pay for the reauthorization of the highway and transit programs. While the Finance Committee, which I chair, has jurisdiction over the funding stream for the highway trust fund, we had to cull together offsets from other areas and other committees in order to pay for this multiyear highway bill. This required the cooperation of multiple chairmen and committees, all working together toward a common goal. One of the most remarkable things about this bill is that it provides 3 full years of highway funding without raising taxes or adding to the deficit. We have heard time and again that a long-term highway bill would only be possible if we included a big tax increase.…
On the recordJuly 30, 2015
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