Senators Rand Paul and Barbara Boxer have announced proposed legislation, the Invest in Transportation Act of 2015, which would provide for a reduced tax rate on repatriated foreign earnings. The resulting tax revenue from the reduced rate would all be transferred to the Highway Trust fund. The reduced tax rate would be equal to 6.5%, and would only apply to foreign earnings repatriated that exceed the average amount of repatriated earnings of a company in previous years. Only foreign income earned in 2015 or prior years would qualify, and companies would have up to five years to complete the transfer....