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House panel declines to restore infrastructure financing tool in GOP tax bill

House panel declines to restore infrastructure financing tool in GOP tax bill

The Hill
BY MELANIE ZANONA - 11/08/17 05:15 PM EST

House tax-writers declined to restore an infrastructure financing tool that was cut out of the GOP tax bill, while the Senate has not yet decided how to treat the issue in its own tax package.

In a party-line vote on Wednesday, the House Ways and Means Committee rejected a Democratic amendment that would have kept the deduction on tax-exempt private activity bonds, which are used by public-private partnerships to back a wide range of infrastructure projects around the country.

The House GOP tax plan, which is expected to get a final committee vote on Thursday, eliminates the program for private activity bonds. Doing so would save $38.9 billion, according to a summary sheet... FULL ARTICLE

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