Hopes Fade for Using Tax Reform on Infrastructure

Hope is fading on Capitol Hill that tax reform will be used to pay for President Trump’s $1 trillion infrastructure package.

The administration released a sweeping tax plan on Wednesday that does not include money to revitalize U.S. roads, bridges, airports or other public works.

The one-page proposal includes repatriation, or taxing corporate earnings stashed overseas at a lower rate when it returns to the U.S., but does not indicate what the revenue should be spent on.

Read more: http://thehill.com/policy/transportation/330759-hopes-fade-for-using-tax-reform-on-infrastructure