The approach now being contemplated is considered innovative by some infrastructure experts but also carries considerable political and economic risks for Trump. Some also worry that taxes and fees raised at the local level could cancel out any potential benefits of a federal tax bill for their constituents. Under the scheme, governments can sell or lease assets such as roads and airports to the private sector and invest the proceeds in new infrastructure projects. The provision would eliminate a tax exemption for private activity bonds, which are used to finance infrastructure projects. White House aides said existing government departments would pick the winning jurisdictions.

Source: Washington Post December 07, 2017 11:02 UTC