Rep. Ryan Eyes Corporate Tax Reform to Fix Highway Trust Fund

House Ways and Means Committee Chairman Rep. Paul Ryan (R.-Wisc.) said repatriation of corporate earnings held overseas would help to fix the Highway Trust Fund provided it was part of overall corporate tax reform, Politico reported.
More
 

House Ways and Means Committee Chairman Rep. Paul Ryan (R.-Wisc.) said repatriation of corporate earnings held overseas would help to fix the Highway Trust Fund provided it was part of overall corporate tax reform, Politico reported.

“If we can get comprehensive tax reform that can help fix this,” he said, it is an option, Politico wrote. “The only way repatriation can actually work to help with the Highway Trust Fund problem is through comprehensive tax reform.”

Speaking at a Feb. 13 briefing with reporters, Rep. Ryan said a window exists for comprehensive tax reform but that it must be done by summer.  If it goes past summer, it is hard to see how tax reform could be accomplished, he said.

If tax reform doesn’t happen, Rep. Ryan said he would be forced to find funding from another source because short-term tax holidays and repatriation don’t work.

Subscribe to Updates

NATSO provides a breadth of information created to strengthen travel plazas’ ability to meet the needs of the travelling public in an age of disruption. This includes knowledge filled blog posts, articles and publications. If you would like to receive a digest of blog post and articles directly in your inbox, please provide your name, email and the frequency of the updates you want to receive the email digest.