Obama’s proposal would extend the Highway Trust Fund for the next six years

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“His proposed 14% tax on foreign profits would be much lower than the standard 35% corporate rate — among the highest of the world’s major economies — and would raise $238 billion, the administration official said, about half the money needed to pay for the infrastructure program. The remainder would be covered by gasoline taxes currently in the trust fund.” See More . . .

Source: http://www.latimes.com/nation/la-na-obama-budget-infrastructure-20150201-story.html#page=1
By: LISA MASCARO AND KATHLEEN HENNESSEY