APNewsBreak: Obama ties foreign profits tax to public works

President Barack Obama's budget will propose an ambitious six-year, $478 billion public works program of highway, bridge and transit upgrades, half of it financed with a one-time mandatory tax on profits that U.S. companies have amassed overseas, White House officials said. FILE - In this Wednesday, May 16, 2012 file photo, newly constructed roadways are being built in Fairfax County, Va.

http://ift.tt/1HE7Jfz