On Tuesday, at the White House, President Donald Trump met with House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer to discuss the need for action on a comprehensive infrastructure bill. The lawmakers emerged with a conceptual agreement on a $2 Trillion policy. No agreement was reached, however on a source, or sources, of funding.
The same parties are scheduled to continue these discussions in three weeks. However, there seems to be some disagreement concerning the focus of that meeting. White House officials indicated that it is their expectation that both sides will come to the meeting with their own funding ideas. But aides to Senator Schumer expect the Administration to present a plan that the Administration and the Senate Majority would support. Such a plan would, then, serve as the basis for discussion.
Options mentioned to date include an increase in the federal motor fuels tax and/or a rollback of certain corporate tax breaks that were included in the 2017 Tax Cuts and Jobs Act.
Contact: Jon Moran, Senior Legislative Analyst, email@example.com, 609-695-3481 x121.