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Obama budget calls for six year 478 billion public works plan
The budget would fund air ports bridges highways and rail by a one time 14 percent tax on overseas corporate profits up to 2 trillion dollars. It aims to cut the top corporate tax rate to 28 percent and tax foreign profits at 19 percent with credits for foreign taxes paid. Democrats back the plan while Republicans remain skeptical about a new infrastructure bill.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
Obama
Capitol Hill
John Boehner
Ohio
House
Congress
Boehner
White House
Ways and Means
Paul Ryan
R-Wis
NBC
Meet the Press
Chris van Hollen
D-Md
Peter Welch
D-Vt