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Chao says infrastructure plan by May; Advocates question path forward

April 4, 2017, The Bond Buyer

Jack Schenendorf is quoted by The Bond Buyer in an article regarding the Trump Administration’s plan to release infrastructure legislation as early as May. According to Schenendorf, moving the infrastructure package up to May looks like an effort by the Trump Administration to get some positive momentum. "They ran into problems with healthcare reform and tax reform is going slowly," he adds. "Infrastructure might be what moves the story forward."

Commenting on moving infrastructure ahead of tax reform, Schenendorf says it “doesn’t make a lot of sense.” "If the plan is close to the order of magnitude discussed during the campaign of $1 trillion over 10 years, it be very unusual for Congress to move an infrastructure bill forward without the revenue," he says. "A tax reform bill would be needed to carry the financial provisions of the infrastructure plan, whether those are tax credits, fees, an increase in the gasoline tax, or repatriated overseas profits.”

 

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