Obama ties foreign profits tax to public works

In this Wednesday, May 16, 2012 file photo, newly constructed roadways are being built in Fairfax County, Va. 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.

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