WASHINGTON, D.C. --- Congressman Jim Oberstar (D-Minn.) this week unveiled a $2 billion bridge repair and reconstruction bill that does not include the 5-cents-a-gallon federal gas tax hike featured in earlier proposals. Oberstar, chairman of the House Transportation Committee, expressed hope that his pared-down proposal without the gas tax will gain bipartisan support so that the nation's infrastructure repairs can proceed. Earlier proposals that included a gas tax increase had carried a budget as high as $25 billion, but Republicans had opposed any tax hikes. "This is not the bill I hoped to introduce," Oberstar was quoted as saying by the Star Tribune newspaper. "Anyone who claims we can fix over 73,000 structurally deficient bridges without additional revenue is not telling you the whole truth."

Originally posted on Fleet Financials