HOUSE-SENATE SPLIT ON REPATRIATION / GOP cool on gas-tax relief f/ mid-, lower-income
HOUSE-SENATE SPLIT ON REPATRIATION
Senate GOP less interested than House GOP in repatriation-transportation deal.
Politico:
“House Republican leaders … are eyeing a massive tax reform-transportation package that taps $2 trillion in corporate profits parked offshore as a way to cover the costs … But tax-minded Republicans, like Finance Committee Chairman Orrin Hatch of Utah and Ways and Means Chairman Paul Ryan of Wisconsin, aren’t keen on using the money to cover the shortfall in the highway trust fund. They’ve got much grander goals — like using the money to lower rates in a business tax code rewrite.”
http://www.politico.com/story/2015/05/house-tax-plan-for-highways-faces-senate-skepticism-118156.html
Sen. Thomas Carper floats gas tax compromise. Roll Call:
“A solution Sen. Thomas R. Carper, D-Del., is promoting to try to rally support from both parties for the tax increase is to pair it with a more generous earned income tax credit, or EITC, which would benefit those same lower-income Americans. But his effort faces resistance from Republican leaders.”
http://www.rollcall.com/news/carper_looks_for_bipartisan_solution_to_gas_tax-241957-1.html