After years of standoffs, Congress faces another dangerous deadline this summer: the looming insolvency of the Highway Trust Fund, which funds roughly 90 percent of federal surface transportation projects in the United States. What’s different this time is that there is increased willingness on both sides of the aisle to adopt a bipartisan solution that would use the vast amount of U.S. cash overseas to finance new infrastructure investment.
In the past year, members of both parties in Washington have made significant progress toward a consensus recognizing that our corporate tax code is broken, that we still have a major jobs crisis and that our crumbling national infrastructure is in a state of emergency. What was once a fringe idea — finding a way to use the record levels of overseas capital to finance new projects in the United States — is now mainstream. The support is there; we just have to work out the details.
Washington Post: Improving U.S. infrastructure starts with tax reform
After years of standoffs, Congress faces another dangerous deadline this summer: the looming insolvency of the Highway Trust Fund, which funds roughly 90 percent of federal […]