U.S.' Lew sees growing consensus for corporate tax-infrastructure deal
Reuters
Published Oct 31, 2016 01:51PM ET
U.S.' Lew sees growing consensus for corporate tax-infrastructure deal
OXFORD, England (Reuters) - U.S. Treasury Secretary Jack Lew said on Monday he sees a growing bipartisan consensus in the U.S. Congress for using revenue from the repatriation of overseas corporate profits to fund infrastructure.
Lew, speaking at the Oxford Union debating club, said that the new president and Congress could quickly work on such a corporate tax reform deal that could bring in hundreds of billions of dollars in new revenue from profits that U.S. companies are holding overseas due to high tax rates at home.
"From conversations I’ve had with Democrats and Republicans, I believe that there is a broad, growing consensus behind the kind of structure that I just described," Lew said.
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Written By: Reuters
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