The American Society of Civil Engineers reports that the nation's infrastructure is in dire need of repairs. The group gives the nation's bridges and roads a mere D plus, which why Maryland Democratic Rep. John Delaney is pushing a proposal to incentivize private investments in the nation's infrastructure.
"This will get a lot of people to work in the short term and it will improve the lives of Americans in the long term.
Delaney wants to offer tax breaks to companies with holdings overseas who decide to invest that money on American soil.
"We'll be introducing the legislation in mid April with cosponsors from both sides, and we've got support from the Chamber and support from the unions."
It's unclear how much money Delaney's legislation would raise, but civil engineers say more than $3 trillion is needed to fix roads and bridges nationwide.