Tags: donald trump | infrastructure | funding | package | private sector

Trump: Private Sector Won't Help Fund Infrastructure Package

Trump: Private Sector Won't Help Fund Infrastructure Package
(AP)

By    |   Wednesday, 27 September 2017 10:26 AM

President Donald Trump has told legislators that he's no longer counting on the private sector to help fund his planned infrastructure reform package, The Washington Post reports.

Trump said in June, "Working with states, local governments and private industry, we will ensure that these new federal funds are matched by significant additional dollars for maximum efficiency and accountability."

One method suggested is to force corporations with money abroad to bring that cash back to the U.S. at a reduced tax rate, and to use that money for infrastructure spending.

However, during a meeting on Tuesday with House Democrats from the Ways and Means Committee, Trump "emphatically rejected what everybody assumed was his position relative to financing infrastructure," according to Rep. Brian Higgins, D-N.Y., who added that when asked about his previous vow, Trump "dismissed it categorically and said it doesn't work."

An unnamed White House official told the paper that there are "legitimate questions" about a joint public-private venture to rebuild the country's infrastructure, and that though the administration has research these methods, "they are certainly not the silver bullet for all of our nation's infrastructure problems and we will continue to consider all viable options."

© 2018 Newsmax. All rights reserved.

   
1Like our page
2Share
Politics
President Donald Trump has told legislators that he's no longer counting on the private sector to help fund his planned infrastructure reform package, The Washington Post reports.
donald trump, infrastructure, funding, package, private sector
197
2017-26-27
Wednesday, 27 September 2017 10:26 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved