House Democrats proposing new bill to finance transportation infrastructure projects

A new bill to be introduced by House Democrats would raise funds for transportation projects by restricting U.S. multinational corporations from moving their headquarters abroad.

House Democrats reportedly have a bill in the works that would help fund transportation infrastructure projects by restricting the ability of U.S. multinational corporations that move their headquarters abroad in an effort to lower their tax burden in the U.S.

It is anticipated the bill would raise around $20 billion, with an as yet undisclosed amount earmarked for transportation projects.

The goal of the new bill is to help put funding back into the Highway Trust Fund (HTF), which is expected to run out of money at the end of August. If this occurs, transportation projects across the U.S. will be put to a stop and an estimated 700,000 workers could lose their jobs.

Read the full article to learn more about the proposed bill, and other attempts to add funding to the HTF.