Maryland Congressman Drawing Support For Infrastructure Bank | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Filed Under:

Maryland Congressman Drawing Support For Infrastructure Bank

Play associated audio

Maryland Democratic Congressman John Delaney is hoping the budget shortfall facing the Highway Trust Fund will increase support for his proposal to create a new infrastructure bank in the U.S.

If Congress doesn’t act in the next couple weeks, the Transportation Department will start slowing its payments to states, which could slow construction projects and hurt the local economy.

While experts say an emergency stopgap bill is needed immediately, Congressman Delaney is urging his colleagues to think long-term. He wants companies with billions of dollars held overseas to bring that cash back to the states at a lower tax rate so they can invest in a U.S. infrastructure bank. The bill is backed by 43 Democrats and 43 Republicans.

Delaney says his proposal will permanently fix the international tax system.

“We want to take this group that will soon be 100 cosponsors — 50/50 — and we want to move them to that larger deal, take care of the Highway Trust Fund, create the infrastructure fund that’s in our bill and finally put this international tax problem to bed," Delaney says.

Delaney is hoping his proposal can be included in tax reform, which will likely have to take place after this fall’s elections.

NPR

A Tribute To Stephen Colbert, A Self-Proclaimed 'Junkie For Exhaustion'

Ahead of The Colbert Report's last episode, Fresh Air listens back to interviews with Colbert. "I didn't realize quite how liberal I was until I was asked to make passionate comedic choices," he said.
NPR

Tourtiere: A French-Canadian Twist On Christmas Pie

On Christmas Eve, many French-Canadians will gather after midnight Mass for reveillon, a lavish dinner party that lasts into the wee hours. The traditional centerpiece is a savory, spiced meat pie.
WAMU 88.5

Maryland Lawmakers Played Role In Release Of Alan Gross From Cuba

State lawmakers say they had a hand in the release of Maryland resident Alan Gross from Cuba yesterday.

NPR

White House Says Any Response To Sony Attack Needs To Be 'Proportional'

The White House won't confirm North Korea is behind the attack, citing an ongoing investigation. Nevertheless, it is mulling over its options.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.