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House GOP tax writers are warning fellow lawmakers to stay away from their chairman’s broad tax reform proposal as they search for ways to pay for highway projects.
Lawmakers are scrambling for ideas to replenish the Highway Trust Fund, which could run out of money as early as August.
Ways and Means Chairman Dave Camp’s tax reform draft, released in February, sought to funnel $126.5 billion toward infrastructure investment through a tax on profits that U.S. multinationals have stored abroad.