Trump Nixes Public-Private Partnerships for $1 Trillion Infrastructure Plan

October 2, 2017, 5am PDT by James Brasuell
Tory Newmyer and Damian Paletta report that President Trump is changing his tune on the $1 trillion infrastructure plan promised since the campaign.

President Trump reportedly made a statement against public-private partnerships while in a meeting with Democrats from the House Ways and Means Committee.

"At the meeting Tuesday, [Rep. Brian Higgins (D-N.Y.)] said Trump indicated the administration instead would seek to pay for infrastructure upgrades through direct federal spending — either by paying for projects with new tax revenue or taking on debt," according to Newmyer and Paletta.

The article includes the backstory of the Trump Infrastructure plan, which evolved from a $500 billion proposal to tax credit scheme to stimulate public-private partnerships that has yet to take official shape. If any new plan is financed by the federal government, it will likely fall short of the $1 trillion figure.

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Published on Friday, September 29, 2017 in The Washington Post