Huffman Introduces the Stop Corporate Expatriation and Invest in America’s Infrastructure Act

June 27, 2014

WASHINGTON­—Yesterday, Congressman Jared Huffman (D-San Rafael) helped introduce the Stop Corporate Expatriation and Invest in America’s Infrastructure Act. This legislation will put an end to corporate expatriations and devote the resulting revenue to the Highway Trust Fund. It will raise $19.5 billion in revenue over ten years and keep the Trust Fund solvent in the short term as Congress works on a long-term funding solution. Huffman is an original cosponsor of the bill, which was authored by Reps. Chris Van Hollen (D-Maryland) and Sander Levin (D-Michigan).

“If we don’t do anything, the Highway Trust Fund will go broke this August, spelling disaster for the North Bay’s transportation infrastructure: federal funding is critical to support public transportation programs, regular maintenance of our highways, and urgent road and bridge repair and safety projects,” Huffman said. “This bill will address two problems: it prevents U.S. corporations from avoiding their fair share of taxes through renouncing their American citizenship, and it will help prevent the Highway Trust Fund from becoming insolvent this summer. This bill is a win-win.”

On Monday, June 30, Huffman will hold a North Bay Transportation Summit in Petaluma to discuss problems facing transportation infrastructure in the North Bay, including ferry expansion and the congested Highway 101 Sonoma/ Marin Narrows. Huffman will be joined by representatives from Caltrans, SMART, Golden Gate Bridge Highway and Transportation District, among others.

Huffman also asked constituents from Sonoma and Marin Counties to fill out a survey, and share their thoughts on the state of the North Bay’s transportation infrastructure: what they are happy with, what they think our priorities should be, and what we can work together to do better. Huffman will share the results of this survey at the summit. This survey can be filled out HERE.

To read the text of the bill, click here.

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