In an op-ed published July 24 on MarylandReporter.com, Political Science Professor Roy Meyers writes about a proposed bill that would allow U.S. corporations to avoid taxes when they repatriate profits that are now booked overseas, if they purchase bonds that would be used to build infrastructure.
In his column, Meyers writes that the bill deserves scrutiny, noting: “[the bill] would create the American Infrastructure Fund (AIF) and capitalize it with up to $50 billion. That money would be used to finance infrastructure projects that pass benefit-cost tests.”
He adds, “the projects would be expected to pay the AIF back, meaning that the infrastructure projects most likely to be financed through the AIF would be those where it would easy to charge tolls. The AIF is thus somewhat duplicative of the existing Transportation Infrastructure Finance and Innovation Act program, and like various proposals to create an ‘infrastructure bank.’ Assuming that the bank would spend $10 billion a year for five years, it would add a small amount of funding for federal investment.”
To read Meyer’s full column on MarylandReporter.com, click here.
Tags: CAHSS, PoliticalScience
