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Proposal to Extend MAP-21

In early July, the House Ways and Means Committee proposed additional pension funding smoothing that is again, like its 2012 MAP-21 predecessor, part of the Highway Trust Fund. As the proposal now stands, it would extend similar MAP-21 calculations through 2017. The incentive behind the proposal is to raise tax revenue by allowing corporations to defer their pension contributions, thereby increasing taxable income on their balance sheet. Specific details are not available, as the Senate will surely propose their own version in the coming days.