Treasury Secretary Jacob Lew took to an economics forum to help make the case for the administration’s surface transportation plan, which would use a temporary windfall from a corporate tax overhaul to cover four years of enhanced spending on highway, transit and rail systems. Lew told the Peter G. Peterson Institute for International Economics Oct. 7 that the Obama infrastructure plan would “take out two problems at the same time” by addressing a “broken business tax code” and using transitional revenue on infrastructure investments. Asked about the willingness of Congress to tackle the issue, Lew told the group: “I actually think there’s broad bipartisan interest in doing more on infrastructure ... what’s challenging is how to pay for it and how to break through gridlock.”
Posted on: Tue, 14 Oct 2014 15:32:30 +0000
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