President looks to states, localities to raise revenue for infrastructure

WASHINGTON, D.C. — The Washington Post reports that the White House wants to reward states and localities willing to raise taxes or other revenue to pay for new projects as part of its infrastructure plan.

The approach now being contemplated is considered innovative by some infrastructure experts but also carries considerable political and economic risks for Trump, according to the report.

While some in his own party remain wary of any new spending, many state and local officials and Democrats in Congress would like to see a more robust federal investment. As part of the plan, the feds would cover only $200 billion of the $1 trillion infrastructure tab under the legislation being developed. 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. For the full story, click here.