U.S. SENATE DEFICIT BILL SHIFTS FOCUS TO TRANSPORT FUELS TAXES, SPENDING CUTS

Patrick Crow Washington Editor Key Senate Democrats have agreed on a federal deficit reduction package that calls for a 4.3cts/gal transportation fuels tax increase along with deeper spending cuts. The fuels tax would apply to gasoline, diesel, and jet fuel. After days of private meetings, the 11 Democrats on the Senate finance committee agreed on the compromise package, ensuring committee passage. All nine Republicans on the committee are expected to vote against the bill. Majority leader

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