From: The Honorable John K. Delaney
I write to ask your support for two bipartisan bills that would pair investment in infrastructure with international tax reform. According to the 2013 Report Card for America’s Infrastructure, U.S. Infrastructure has a cumulative grade of “D+” with an estimated
$3.6 trillion investment needed by 2020. These two bills would create large-scale infrastructure investment capability and would allow for repatriation of overseas cash while ensuring that repatriated money truly results in increased investment in the U.S.
economy to create good-paying jobs.
To learn more or to cosponsor either or both of these bills, please contact Lauren Santabar at
firstname.lastname@example.org in my office.
John K. Delaney
Member of Congress
Partnership to Build America Act
Congressmen John K. Delaney (MD-06) and Rodney Davis (IL-13)
Endorsed By (114th Congress): American Business Conference, American Council of Engineering Companies, American Highway Users Alliance, American Planning Association, American Road & Transportation Association, American Society
of Engineers, American Traffic Safety Services Association, Associated General Contractors, Cemex, National Electrical Contractors Association, National Utility Contractors Association
Cosponsors (114th Congress): Brad Ashford, Andy Barr, Ami Bera, Brendan Boyle, Susan Brooks, Larry Bucshon, Cheri Bustos, John Carney, Wm. Lacy Clay, Mike Coffman, Tom Cole, Rodney Davis, Charles Dent, Robert Dold, Michael Fitzpatrick,
Tulsi Gabbard, Christopher Gibson, Denny Heck, Joe Heck, Steve Israel, David Jolly, David Joyce, Adam Kinzinger, Ann Kuster, Brenda Lawrence, David Loebsack, Stephen Lynch, Thomas MacArthur, Sean Patrick Maloney, David McKinley, Luke Messer, Patrick Murphy,
Frank Pallone, Scott Peters, Robert Pittenger, Jared Polis, C.A. Dutch Ruppersberger, Kyrsten Sinema, Norma Torres, Ed Whitfield, John Yarmuth
The Partnership to Build America Act would finance the rebuilding of our country’s transportation, energy, communications, water, and education infrastructure through the creation of the American Infrastructure Fund (AIF), which would provide $750 billion
in loans or guarantees to state or local governments to finance qualified infrastructure projects. The states or local governments would be required to pay back the loan at a market rate determined by the AIF to ensure they have “skin in the game.” In addition,
the AIF would invest in equity securities for projects in partnership with states or local governments.
The AIF is funded by selling infrastructure bonds to private corporations. In exchange for purchasing these low-yield bonds, the companies receive a one-time tax-break on repatriating their overseas earnings.
Infrastructure 2.0 Act
Congressmen John K. Delaney (MD-06) and Ted Yoho (FL-03)
Endorsed By (114th Congress): American Business Conference, American Council of Engineering Companies, American Planning Association, American Society of Engineers, American Road & Transportation Association, National Utility Contractors
Association, United Brotherhood of Carpenters
Cosponsors (114th Congress): Brad Ashford, Brendan Boyle, Cheri Bustos, John Carney, John Garamendi, Richard Hanna, David Joyce, Ann Kuster, Jim Langevin, Betty McCollum, David McKinley, Mark Meadows, Donald Norcross,
Jared Polis, Mike Quigley, Reid Ribble, Scott Rigell, Terri Sewell, Kyrsten Sinema, Steve Stivers, Peter Welch, Ed Whitfield, John Yarmuth, Ted Yoho
The Infrastructure 2.0 Act expands upon the Partnership to Build America Act and would use repatriated revenue accumulated through international tax reform to increase investment in U.S. infrastructure and increase U.S. competitiveness. A “deemed repatriation”
at a rate of 8.75 percent would produce $170 billion of revenue.
If Congress did not pass comprehensive reform, this legislation would also change our international tax system to eliminate the “lock-out effect” by ending deferred taxation of overseas income in exchange for a reduced rate in which companies pay more U.S.
tax for income earned in low-tax jurisdictions and tax-havens, but less in countries that charge an Organization for Economic Cooperation and Development (OECD) average tax rate.
The $170 billion would provide 6 years of funding for the Highway Trust Fund as well as create a long-term financing entity to provide states with $750 billion of revolving financing for transportation, energy, water, communications, and education infrastructure