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Hoyer open to Trump infrastructure plan, if it doesn't increase the deficit

Hoyer open to Trump infrastructure plan, if it doesn't increase the deficit

Washington Examiner
by Colin Wilhelm
December 04, 2018 05:19 PM

Rep. Steny Hoyer D-Md., the number two Democrat in the House of Representatives, said Tuesday that Democrats would be willing to work with the Trump administration on the president’s infrastructure ambitions — but only if the plan can be paid for.

“We need to pay for things, and that’s the tough thing,” said Hoyer, adding that everyone supports better infrastructure until they talk about paying for it.

The Trump administration has floated private investment as a tool for paying for a portion of approximately $1 trillion worth of new infrastructure spending, but that strategy could come with its own political pitfalls.

“I’m for infrastructure spending, but I want to pay for it,” said Hoyer. Hoyer said that he would be open to raising the federal gas tax, but that doing so would be unlikely to pay for Trump’s plan on its own. Prior to Hoyer's appearance at the Wall Street Journal CEO Council conference in Washington, D.C., where he made the comments on Tuesday afternoon, Treasury Secretary Steven Mnuchin said that no one in the administration had considered raising the corporate income tax to pay for infrastructure, which congressional Democrats have also suggested... FULL ARTICLE

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