
House Passes Short-Term Funding Bill
The bill would authorize spending of approximately $8.1 billion on transit projects through 2015 while legislators plan a long-term bill that could have implications for the pharmaceutical industry.
The House voted 312-119 on July 14, 2015 to authorize spending for the Highway Trust Fund until the end of 2015. The deal proposes to inject approximately $8.1 billion into transit improvements in the short-term while legislators continue work on the details of a long-term plan involving the proposed repatriation of approximately $2 trillion held offshore by US companies, many of which include large pharmaceutical companies that have corporate tax havens overseas.
The long-term deal would rely on the repatriation of US businesses-including many in the pharmaceutical industry-to fund improvements in the country’s transportation and highway system. On a statement on his
A bipartisan working group
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