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Friday, January 30, 2015

Overseas Cash Alluring Idea For Infrastructure Funds

In his Fiscal Year 2015 budget last March, President Obama said he wanted to use "one-time transition revenue resulting from business tax reform" to pay for highways, roads and transit systems. Now Rep. John Delaney, D- Md., has introduced a bill that fills in details of a concept about which Obama, House Speaker John Boehner, and several others have been thinking aloud: pay for infrastructure with tax revenue from repatriated profits of U.S. corporations.

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