Tagged: Brent Spence Bridge

Through a single piece of legislation, Sen. Rand Paul is hoping to cut a corporate tax and get more revenue for transportation projects.

Here's how: When American companies make money overseas and put it in foreign banks, they have to pay a tax to bring the money back to the U.S.  Paul is sponsoring legislation that lowers the tax companies pay to transfer foreign profits to America from 35 percent to 5 percent. Many of those companies keep that money overseas instead of paying the 35-percent tax.

State Rep. Sannie Overly has filed a bill that will allow the Kentucky Transportation Cabinet to explore public-private partnerships to help construction projects with big price tags.

The bill doesn't specifically name any projects, but Kentucky currently has multiple instances where the bill could help work start, namely the Brent Spence Bridge in Northern Kentucky and Interstate 69 in western Kentucky.

Overly, a Paris Democrat, said the goal is to help the state have one more avenue to help fund its infrastructure projects.

State and federal officials say new Ohio River bridges cannot be built without tolling as part of the financing plan.

Kentucky Governor Steve Beshear this week signed a memorandum of understanding with Ohio’s governor to construct a new, $2.5 billion double-deck span to replace the Brent Spence Bridge linking Covington and Cincinnati.

Beshear says there’s no chance the federal government will pick up the whole cost of this project or two new bridges planned for the Louisville area.

In a fact-check of President Obama's recent speech, The Washington Post scolded the president for using old talking points and incorrectly identifying the Sherman Minton Bridge as closed while lashing out at Republican leaders. On Monday, Mr.