House approves $8 billion highway funding extension - serious work on the transportation funding shortfall put off for 6 monhts | TheHill

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Lawmakers are not expected to leave for their August recess without taking action on highway spending.

The main source of transportation funding has been the 18.4 cents-per-gallon federal gas tax, but the tax has not been increased since 1993 and more fuel-efficient cars have sapped its buying power.

The federal government typically spends about $50 billion per year on transportation projects, but the gas tax only brings in approximately $34 billion annually.

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House approves $8 billion highway funding extension - serious work on the transportation funding shortfall put off for 6 monhts | TheHill

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