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Infrastructure Financing Beyond Gas Tax Focus of Senate Measures

Infrastructure Financing Beyond Gas Tax Focus of Senate Measures

Bloomberg Government
Posted February 6, 2019
By Shaun Courtney

  • Bipartisan legislation would expand bond, loan programs
  • Trump skirts how to pay for building roads, bridges

Bipartisan Senate legislation to expand existing transportation tax-exempt bond and loan programs for surface transportation offers a glimpse at how the Senate might address financing an infrastructure or surface transportation bill in a new Congress without turning to tax increases.

President Donald Trump called for infrastructure legislation during his State of the Union speech Tuesday without offering any details on how to pay for a public works package. Democrats and Republicans are looking for pay-fors such as an increase in the federal motor fuels tax, a mileage-based used fee, and other alternatives to fund repairs and expansion of roads and bridges.

Sen. John Cornyn (R-Tex.) is cosponsoring two bills, one with Tim Kaine (D-Va.) and another with Mark Warner (D-Va.). Cornyn and Warner both sit on the Senate Finance Committee, which would have jurisdiction over paying for any infrastructure legislation... FULL ARTICLE

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