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U.S. Congress Passes Three-Month Highway Funding Bill without Tax Reform

|Approved Changes|United States
United States

Following passage in the U.S. House of Representatives, the U.S. Senate passed a short-term bill that extends funding of the Highway Trust Fund for three months on 30 July 2015. On the same day, the Senate also passed a six-year highway bill, which includes three years of funding through measures for increased tax compliance and other non-tax related measures. Neither bill includes the tax reform that has been discussed for highway funding, such as the one-off deemed repatriation of foreign e…

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