McConnell 'skeptical' of tax plan to fund highway projects

Majority Leader Mitch McConnell announced Thursday that the Senate would likely begin consideration of a highway funding bill next week, but said he is “skeptical” of a bipartisan plan to fund it with an international tax deal.

Republicans have been stuck in their effort to find funding for a multi-year plan to pay for the nation’s infrastructure projects. On Wednesday, Sens. Rob Portman, R-Ohio, and Charles Schumer, D-N.Y., announced a plan to let international corporations repatriate their overseas profits at a lower tax rate to generate funds that would pay for a six-year highway bill.