December 13th, 2014 by WCBC Radio
Maryland Sixth District Congressman John Delaney has filed legislation, the Infrastructure and Global Tax Competitiveness Act, to strengthen America’s economy by rebuilding the nation’s infrastructure and reforming the broken corporate tax code. The legislation is designed to create jobs, spur economic growth, improve quality of life, and discourage corporate inversions.
Delaney’s Infrastructure and Global Tax Competitiveness Act uses repatriated revenue to increase infrastructure investment by imposing a mandatory deemed repatriation tax on corporate earnings currently held overseas. This revenue will fund a six-year reauthorization of the Highway Trust Fund at increased levels and capitalize a new resource, the American Infrastructure Fund (AIF).
