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Senate panel considers how to fund Trump’s $1T infrastructure package

Senate panel considers how to fund Trump’s $1T infrastructure package

The Hill
BY MELANIE ZANONA - 03/08/17 01:40 PM EST  dd 

Senators began exploring ways to pay for President Trump’s $1 trillion infrastructure package on Wednesday, taking up the biggest question hanging over his ambitious plans.

Panelists and lawmakers at a Senate Appropriations subcommittee hearing seemed to agree that it’s going to take a wide variety of funding tools to deliver on the kind of massive investments Trump has promised.

“When I first heard the president’s plan for a $1 trillion infrastructure investment, I was extremely excited. But I started thinking about the financing, and the fact no one was really talking in specific terms,” said Sen. Susan Collins (R-Maine), who chairs the subcommittee on transportation, housing and urban development.

“It’s my hope that this hearing today will help advance the dialogue as we move forward on what could well be one of the few bipartisan activities of this Congress.”

The hearing came the same day as a scheduled infrastructure meeting at the White House expected to include Transportation Secretary Elaine Chao, Energy Secretary Rick Perry and business leaders such as Tesla CEO Elon Musk.

One of Trump’s chief campaign pledges was to repair U.S. roads, bridges and airports — an effort he says will create jobs and boost the economy.

In an address to Congress last month, Trump reiterated his commitment and called on Congress to move a $1 trillion infrastructure proposal that would be “financed through both public and private capital.” FULL ARTICLE

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