Business leaders engage Biden administration on ways to pay for infrastructure

CNBC.com

By Brian Schwartz

MARCH 17 2021


Executives from Wall Street, major corporations and private equity firms are engaging with the White House and officials in the Transportation Department about how to pay for President Joe Biden’s eventual infrastructure bill, according to people briefed on the matter.

Tax hikes, private-public partnerships and fee increases for bridge and highway tolls are among the ideas being proposed by business leaders to the Biden administration.

The package’s cost is expected to be in the trillions of dollars, according to previous Biden proposals. It would come on the heels of the $1.9 trillion coronavirus relief and stimulus package, which has triggered concerns in Washington over how the government might pay for a massive infrastructure initiative.


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