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After cutting taxes, Trump looking to localities to raise revenue for infrastructure

Source: washingtonpost.com - Dec 8, 2017

Even as President Trump and Republicans in Congress seek to cut federal taxes, the White House has quietly come up with a very different plan for infrastructure: It wants to reward states and localities willing to raise taxes or other revenue to pay for new projects.

The dynamic is key to the Trump administration’s latest thinking on an infrastructure bill aimed at spurring a $1 trillion investment in the nation’s ailing roads, bridges, rail lines and airports. Originally touted by Trump as a first-100-days initiative — and one with the prospect for bipartisan support — it has stalled amid other bruising legislative battles.

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Category: General Business