Infrastructure Bills Soured By Tax Breaks, Think Tank Says

Law360, New York (February 10, 2014, 1:46 PM EST) -- Legislation currently pending in Congress would create an infrastructure bank to build roads and bridges across the country, but tax breaks given to multinational corporations to fund the bank would bleed U.S. coffers dry, an economic policy think tank warned Monday.

In a white paper released by the Economic Policy Institute, the group says the Partnership to Build America Act of 2014, co-sponsored by 11 senators and 50 representatives, would raise $50 billion to build infrastructure, but a corporate repatriation tax holiday used to raise the...
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