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For Trump, GOP tax bill could have big downside

For Trump, GOP tax bill could have big downside

The Hill
BY MELANIE ZANONA - 11/26/17 10:30 AM EST

The GOP tax plan that is speeding through Congress could deliver a much-needed win for the White House, but it could also kill one of Trump's other top priorities: legislation to rebuild U.S. infrastructure.

Not only would the tax overhaul use up one of the potential funding options for repairing infrastructure, it would also eliminate a financing tool that states have used to back a wide range of infrastructure projects.

That could spell doom for Trump’s infrastructure overhaul, which was always going to be a tough sell for fiscal conservatives on Capitol Hill.

“Preemptively removing [private activity bonds] as a financing tool for infrastructure projects would undermine Congress's stated goal of leveraging a $1 trillion investment in our nation's infrastructure,” said Richard A. White, acting president and CEO of the American Public Transportation Association... FULL ARTICLE

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