U.S. Rep. Tom Price (R-Dunwoody) says government officials must be “much more creative” to find new sources of revenue to fund better highways.
“Washington is not the piggybank it used to be and it’s not going to be that way again,” Price told about 90 business and political leaders who attended the Peachtree Business Alliance’s Aug. 28 luncheon in Sandy Springs.
Federal officials are looking for new sources of money to funnel into transportation infrastructure improvements, he said. “We’re trying to identify a new funding stream for highways,” Price said.
On possible new source, he said, could be corporate profits left overseas rather than returned to the U.S., where they face higher taxes. Tax reform, he said, could convince the corporations to bring the funds into the U.S.