FEDERALhearing transcript

Hearing on Using Foreign Earnings Taxes to Fund Highway Projects

Original title: REPATRIATION OF FOREIGN EARNINGS AS A SOURCE OF FUNDING FOR THE HIGHWAY TRUST FUND

January 1, 2017

taxation infrastructure highway trust fund corporate tax repatriation

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The Frame

What this does

This hearing explored a potential tax policy change that could determine how the federal government funds long-term highway and infrastructure construction projects.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

U.S. corporations with foreign earnings

These companies would be subject to potential changes in tax rates or rules regarding the movement of their overseas profits back to the U.S.

Transportation and construction industries

These groups rely on the Highway Trust Fund for federal infrastructure project funding.

What changed

Last recorded activity January 1, 2017.

What's next

Next step not available in the current record.

Summary

The House held a hearing on June 24, 2015, to discuss whether taxing corporate earnings brought back from overseas could provide a sustainable funding source for the . The committee heard testimony from tax policy experts and received written submissions from various industry and advocacy groups.

Key Facts

The hearing took place on June 24, 2015, in the Longworth House Office Building.
The primary topic was the taxation of 'repatriated' foreign earnings as a funding mechanism for a multi-year highway bill.
The Subcommittee on Select Revenue Measures invited four expert witnesses to provide oral testimony.
The Committee accepted written statements from 10 external organizations, including the U.S. Chamber of Commerce and Public Citizen.
The deadline for the public to submit written comments for the official record was July 8, 2015.
The hearing was part of the 114th Congress, First Session.

Frequently Asked Questions

What is repatriation of foreign earnings?

It refers to the process of U.S. companies bringing profits earned in foreign countries back into the United States, which may be subject to U.S. corporate income tax.

Why was this hearing held?

To evaluate if taxing these repatriated earnings could generate enough revenue to fund the , which pays for national road and transit infrastructure.

Can the public still submit comments?

No, the deadline for written submissions for this specific hearing record was July 8, 2015.

Why It Matters

This hearing explored a potential tax policy change that could determine how the federal government funds long-term highway and infrastructure construction projects.

News Coverage

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Infrastructure Funding Search

The document highlights the 2015 legislative search for alternative revenue streams to support the Highway Trust Fund beyond traditional fuel taxes.

Highway Trust Fund

Connected Entities

personCurtis S. Dubay“Research Fellow, The Heritage Foundation”Map →

personDavid G. Reichert“Chairman of the Subcommittee on Select Revenue Measures”Map →

personThomas A. Barthold“Chief of Staff, Joint Committee on Taxation”Map →

personJane G. Gravelle“Senior Specialist, Congressional Research Service”Map →

personDirk Suringa“Partner, Covington & Burling LLP”Map →

organizationHighway Trust Fund“The federal fund for highway and transit projects”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance65
How much this matters to a regular citizen
Controversy40
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

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