Obama budget to propose taxing offshore profits to fund infrastructure fixes


President Obama's forthcoming budget proposal will include a request for $478 billion for vast infrastructure improvements, to be funded with a 14 percent tax on $2 trillion in corporate earnings held abroad. The six-year plan is a more robust version of a policy Obama has proposed in the past. Obama is to unveil his budget on Monday.
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Jon Terbush is an associate editor at TheWeek.com covering politics, sports, and other things he finds interesting. He has previously written for Talking Points Memo, Raw Story, and Business Insider.
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