Trump’s Plan to Tap Offshore Profit for Infrastructure Gains an Ally
- House transportation chairman says ‘everything’s on the table’
- President wants returned income to help pay for public works
What Happens If Companies Repatriate Cash to the U.S.?
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President Donald Trump’s plan to use corporate profits returned from overseas to help finance nationwide improvements to roads, bridges, airports and other public works picked up an important supporter in the U.S. House: Representative Bill Shuster.
“The dollars are out there, so we get a piece of that,” Shuster, a Pennsylvania Republican who chairs the House Transportation and Infrastructure Committee, said in an interview. The process of returning corporate profit to the U.S., known as repatriation, can be one of the sources that helps generate funding for repairs and new construction, he said.