President's Budget to Include Delaney Infrastructure and Tax Reform Framework

The White House has announced that President Obama's 2016 Budget proposal will include international tax reform to pay for new infrastructure projects. This is the same framework Congressman John K. Delaney (MD-6) has advocated for two years, building a bipartisan coalition in Congress around combining international tax reform and infrastructure. In the 113th Congress, over 40 Republicans and 40 Democrats signed onto Delaney's Partnership to Build America Act.

Last week, Rep. Delaney filed the Infrastructure 2.0 Act (H.R. 625), which establishes an 8.75% rate on existing earnings and using those revenues to fund the Highway Trust Fund for six years and establish a new infrastructure fund for state and local governments.

"We are pleased that the President has adopted the larger framework we laid out in the Infrastructure 2.0 Act, pairing international tax reform with increased infrastructure investment," said Congressman Delaney. "As we proved last Congress with the enormously bipartisan Partnership to Build America Act, there is a deal to do with Democrats and Republicans using this new approach. By making our tax code more competitive and rebuilding the country's crumbling infrastructure, we take the best ideas from both parties to serve the common good. I hope the Administration will continue to move closer to the specifics in our bill so that we can get this done with broad based support that it deserves. If we get the details right, we have the opportunity to create a triple bottom line benefit for our country: better infrastructure, more domestic investment and more good-paying jobs."

Delaney is the only former CEO of a publicly-traded company in the House of Representatives.

Delaney's Infrastructure 2.0 Act also includes a trigger for broader tax reform as well as a mechanism for long-term Highway Trust Fund stability.

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