White House Focuses on Private Sector for Infrastructure Spending

Via New York Times

The White House unveiled a tax proposal and administrative actions on Friday that are aimed at promoting private investment in roads, bridges, water systems and broadband networks.

The plans are an attempt to find ways to finance the vast backlog of American infrastructure projects without using any new federal money.

President Obama has repeatedly said that a broad effort to address the nation’s infrastructure needs is a potential area of agreement between his administration and the Republican Congress, although deep divisions remain on how to handle such projects.

Vice President Joseph R. Biden Jr. is scheduled to discuss the plans here on Friday afternoon at the construction site of the Anacostia River Tunnel, which would handle the two billion to three billion gallons of contaminated sewage water that pour into the river each year.

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