April 13th, 2015 by WCBC Radio
On April 10, 2015 the Baltimore Sun published an editorial supporting Congressman John K. Delaney’s Partnership to Build America Act (H.R. 413) as part of a path to a comprehensive, long-term infrastructure solution. In 2013, Delaney first introduced the Partnership to Build America Act, which creates a $50 billion dollar infrastructure fund that is capitalized by selling bonds to private companies. In exchange for purchasing these bonds, the companies will receive a one-time tax break on repatriating their overseas profits.
Delaney has expanded the framework of the Partnership to Build America Act with the Infrastructure 2.0 Act. The Infrastructure 2.0 Act also creates the same $50 billion dollar infrastructure fund and also fixes the Highway Trust Fund shortfall for six years, using revenues from international corporate tax reform. Delaney’s solution was later included in the President’s Budget and the Department of Transportation’s Grow America plan. The Infrastructure 2.0 Act also establishes a bipartisan and bicameral commission tasked with developing a permanent solvency solution for the Highway Trust Fund.
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