On 24 June 2015, a public hearing before the Subcommittee on Select Revenue Measures of the House Committee on Ways and Means was held to discuss the repatriation of foreign earnings in order to fund the Highway Trust Fund. During the hearing, a report on the matter issued by the Joint Committee on Taxation was discussed.
The report covers:
- Present law and background;
- A description of proposals for tax on historic foreign earnings, including Chairman Camp’s Tax Reform Act of 2014 and the Ad…