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Trump tax proposal won't include federal infrastructure funding

April 28, 2017, The Bond Buyer

Jack Schenendorf is quoted in a Bond Buyer article regarding the relationship between President Trump's tax proposal and infrastructure funding. According to Schenendorf, the fate of Trump's infrastructure plan is directly tied to tax reform. "My view has always been that how the Trump plan is funded and where the money will come from would be determined in the process of tax reform," he says. "The president made his commitment to infrastructure investment very clear during the campaign and since."

Schenendorf adds that the infrastructure plan likely will not be unveiled until fall. "The latest talk is $200 billion of direct federal spending that would be leveraged at a ratio of 5:1," he says. "Tax reform is where much of the money will likely come from."

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