January 24th, 2017 by WCBC Radio
On Tuesday, Senate Democrats announced a comprehensive infrastructure plan funded by direct federal spending. For the last four years, Congressman John K. Delaney (MD-6) has been the leading advocate in Congress for using revenues from international tax reform to pay for rebuilding America’s infrastructure. Congressman Delaney has introduced two bills that have generated broad bipartisan support, drawing over 40 Republican and 40 Democratic cosponsors in the House and Senate since 2013.
“We all want infrastructure improvements, the real issue is how to pay for it in a way that can get the bipartisan support needed to become reality,” said Congressman Delaney. “The best solution is to use revenues from international tax reform, bringing back money being held overseas to rebuild America. I am encouraged by the Senate proposal, which includes both funding and financing, and am interested in seeing further details on how it is paid for. We have a Republican-led government, but infrastructure will need Democratic votes, so the key now is finding a way to get to a bipartisan bill and after meeting with hundreds of members of Congress over the last four years on this issue, I am convinced the best way to get this done is through international tax reform.”
This spring, Congressman Delaney and Congressman Davis will re-file The Partnership to Build America Act, legislation that creates a new American Infrastructure Fund (AIF) to finance state and local projects. Congressman Delaney and Congressman Yoho will re-file The Infrastructure 2.0 Act, legislation that includes the AIF and provides additional long-term revenues to stabilize and expand the Highway Trust Fund.
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