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

Do Touch The Artwork At Prado's Exhibit For The Blind

The renowned Spanish museum has made 3-D copies of some of its most iconic works to allow blind people to feel them.
NPR

Game For Ancient Grain: Palestinians Find Freekeh Again

The young, roasted form of wheat has been eaten in the Middle East for millennia. But over time many Palestinians replaced it with rice. Now it's becoming a nutritious, native food worthy of pride.
NPR

Just How Big Is The Asia Trade Deal Obama Wants? It's A Beast

The 12 countries in the Trans-Pacific Partnership account for almost 36 percent of world's economy, which would make TPP by far the largest U.S. trade pact.
WAMU 88.5

New Transit App, Split, Pushes User To Share The Backseat

A new entrant into the growing world of on-demand transportation apps in the District uses sustainability as its pitch — with users sharing the ride with others going the same direction.

Leave a Comment

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