Wednesday, January 18, 2017

Is There a Bipartisan Infrastructure Deal?

From Vox:

"Many Democrats, including Senate Minority Leader Chuck Schumer, have long been open to “paying for” infrastructure spending in a very Republican-friendly way — effectively giving corporations with large piles of cash stashed tax-free overseas a long-term tax cut that raises some revenue in the short term, by allowing them to repatriate that money at a reduced tax rate. The Obama administration was dead-set against this.

But if Trump wants to do a deal, there is probably a deal to be done. Whatever its wisdom, the signing of a big bipartisan infrastructure bill would probably lend some sheen to Trump’s administration. Since the election, however, the Trump transition has mostly been touting an infrastructure funding plan built around tax incentives for public-private partnerships, which Democrats are more likely to see as an opportunity to accuse Trump of betraying his campaign promises than as grounds for compromise."

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