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| Highway Bill Extended thru Dec 31 |
President Obama on March 18 signed into law an extension of the highway bill through the end of the year as part of a $17.6 billion package of tax incentives and bonding proposals aimed at spurring job creation. Besides the highway bill extension through Dec. 31, the bill provides tax incentives to businesses for hiring new workers, accelerated depreciation of capital purchases, expands the Build America Bonds program and provides an infusion of roughly $20 billion for the Highway Trust Fund. The current authorization expired last September. Since then, highway and transit programs had been operating under a string of month-long extensions. However in late February, Sen. Bunning (R-KY), temporarily blocked passage of an extension - shutting the federal program down for several days before a new agreement was reached. The longer extension will give Congress time to work on new highway legislation. |
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*** Questions about this info? Contact Linda Norman at 703-821-0000 or linda@donnormanassociates.com *** |