Boehner calls U.S. Republican highway funding plan ‘really solid’

By Reuters
Wednesday, July 9, 2014 11:24 EDT
google plus icon
House Speaker John Boehner (R-OH) during a press conference on Capitol Hill on March 26, 2014 [AFP]
  • Print Friendly and PDF
  • Email this page

U.S. Republican House Speaker John Boehner said on Wednesday he welcomes a plan to extend U.S. highway funding until May 31, 2015, from House Ways and Means Committee Chairman Dave Camp and hopes to see it pass the House of Representatives in the next two weeks.

“I think Chairman Camp and the members of the Ways and Means Committee have a really solid bill to help pay for the shortfall, if you will, in the Highway Trust Fund for the next eight or nine months,” Boehner told reporters.

Camp’s $10.9 billion plan would be paid for with some fund transfers and revenue-raising measures, including $6.5 billion in new revenue from “pension smoothing,” an accounting move that allows companies to delay contributions to employee pension plans. This boosts short-term corporate profits, producing more tax revenue collected by the U.S. Treasury.

(Reporting By David Lawder; Editing by Bill Trott)

Reuters.com brings you the latest news from around the world, covering breaking news in business, politics, technology, and more.
By commenting, you agree to our terms of service
and to abide by our commenting policy.