Right now, an 18.4-cent gas tax pays for $50 billion of transportation projects each year, like highways, bridges and mass transit. But the Highway Trust Fund is set run out of money Aug. 1., and Republican leaders in the House proposed an unusual way to finance it.
Tennessee’s Bob Corker Plays Dealmaker In Restoring Highway Trust Fund
Tennessee’s Bob Corker is once again casting himself as a Washington dealmaker. This time, the Republican Senator is touting a bipartisan plan to refill the federal highway trust fund, which is set to run out of money by the end of the year.
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