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.
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