Posted October 01, 2018 11:18:04The U.S. Senate is expected to vote on legislation that would make it easier for companies to build transportation infrastructure in the United States.
The legislation is supported by President Donald Trump and Senate Majority Leader Mitch McConnell (R-Ky.), and the House is expected soon to vote.
The Senate passed the legislation in a bipartisan 228-198 vote on October 1, but it needs to be reconciled with a House version.
The bill is a key component of the $1 trillion infrastructure bill that was passed last week by the House and Senate.
The two chambers have been working on the bill together for months.
The Trump administration has not indicated when it will bring the legislation to the House.
Republican senators say the infrastructure bill will be easier to support than previous transportation bills.
They say the bill will provide more certainty to investors, as well as make it more attractive for businesses to invest in projects that can benefit from tax credits.
The House passed the bill on Wednesday, with the Senate still awaiting a final House version of the legislation.
House and Democratic senators say they have not seen the final bill yet, but the bill includes tax credits and tax credits for small businesses that are part of the infrastructure package.
The tax credits in the bill are expected to be the largest part of its cost.
They would be phased in gradually over 10 years, from $1,000 per vehicle per year to $3,000.
That would include a $5,000 tax credit for the first $5 million of vehicle sales, and a $10,000 credit for every $1 million after that.
The Senate version also includes a provision that would require federal officials to take into account the cost of roads and bridges that are funded with tax credits, in addition to infrastructure.
The tax credits are not a new idea in the House, and they were included in the tax bill passed last year by the Republican-led House.
The Trump administration is currently negotiating a trade deal with China that could help the United Kingdom and other countries reduce their reliance on imports.
The U.K. is one of the largest recipients of tax credits under the legislation, and the bill is expected as an amendment to the bill that would reduce those credits.
In the past, the Trump administration would not say whether the infrastructure legislation would be approved.
It is possible that Trump is planning to veto the legislation or leave it up to Congress to address.
The White House is also trying to build momentum for its tax bill by urging members of Congress to vote for it, a move that would be difficult given the political difficulties the House has faced on tax reform.
Trump has been criticized for not voting for the tax legislation in the past.
The Associated Press contributed to this report.