good morning the committee will come to order to welcome our newest member the gentleman from texas kenny marchant of the ways and means committee i know that mr margins background is a small business owner will be a welcome addition since all small businesses are so critical to creating many of the jobs this country needs regulation we now turn to the committees using estimates letter section three a one of the congressional budget act requires that we transmit to the chairman of the budget committee the views and estimates of the committee on ways and means on those aspects of the fiscal year two thousand and twelve budget that fall within the committee's jurisdiction a copy of the letter has been distributed ahead of time and is located in the folders in front of all members this letter provides the budget committee with an overview of some of the areas within the committee growth and create jobs in america it's my hope mr chairman that the committee will turn its attention to crafting legislation that will help hardworking americans get back to work  under consideration i believe the letter provides some framework on the plans of the majority however we democrats have concerns about the approach in the letter to trade policy and the absence of a infrastructure is vitally important to creating and promoting commerce as such i believe that this is an issue that can and should be addressed in a bipartisan manner communities depend on access to air travel as a way to ensure that they can attract business development and jobs in my home state of michigan where unemployment remains well above the national unemployment rate having a multi faceted and reliable transportation system can provide a strong foundation for attracting business development however we must  approach such development in a fiscally responsible way and i'm pleased because thirty four accomplishes that goal with respect to that fiscally responsible approach i want to recognize the efforts of the transportation and infrastructure committee the work they've done to streamline require any additional revenue for that reason the bill before the committee will simply authorize the excise taxes that support the trust fund at their current levels along with reauthorizing the trust fund expenditure authority does not includ thank you the committee will now proceed to consideration of h r ten thirty four which was distributed in advance along with a green sheet explaining it and without objection the bill will be considered as read and open for amendment at any point there are provisions managing the trust fund which require the committee to act on and extend an authorized expenditures from the trust fund the first part of the bill would authorize trust fund expenditure authority consistent with the legislation as marked up by the transportation and infrastructure committee also the chairman noted that presently the airport airways trust fund is funded by four  international travel facilities tax there are air cargo taxes and then there are aviation fuel taxes which vary by the type of aviation category the bill before you extends present  present law making no changes in the rates or operation of any existing taxes you probably noted that j c x seventeen the revenue table says there is no revenue in fact let me take just a brief moment to explain that under the budget the budget rules taxes that are dedicated to a trust fund are considered to be extended permanently as part of the baseline unless changing the rate of tax is a simple extension is scored as having no revenue effect however just to give you an idea of the amount of the amount of revenue proposals  the provisions in h r forward extend trust fund authority and these taxes through september thirtieth of twenty fourteen and over that period the various taxes that i listed will raise approximately forty eight point seven billion dollars that concludes my description of the bill happy to answer any questions that the members might have well thank you mr barr told are there any questions for mister area to which the and then i refer and i'll certainly take a look at that the question is on favorably reporting the bill all those in favor signify by saying i those opposed signify by saying no the ayes have it the motion is agreed to without objection ten thirty four then is ordered reported to the house of representatives the ayes having prevailed without objection staff is authorized to make technical and conforming changes to the bill without objection members will have an additional two days to file with the committee clerk's supplemental addition or minority views so ordered there being no further business before the committee the committee stands adjourn