WASHINGTON — Congress should establish a national infrastructure bank and offset the appropriation for it with revenue from a one-time repatriation tax holiday, the Brookings Institution urged in a report released Thursday.

The think tank's Metropolitan Policy Program recommends the infrastructure bank be initially capitalized at about $25 billion. To offset that spending, the government should temporarily reduce the corporate tax rate on money companies bring back to the United States from overseas to 10% from 35%, capping the amount repatriated under the program at $500 million per firm.

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