Trump tax plan likely to include infrastructure spending: report

The tax plan that President Trump is releasing tomorrow is likely to include infrastructure spending in an effort to attract Democrats, Politico reported Tuesday.

The proposal is also expected to include a tax benefit for childcare and is unlikely to feature the House Republicans’ border-adjustment proposal to tax imports and exempt exports, according to Politico, which cited sources familiar with the proposal.

Trump has previously floated linking tax reform and infrastructure, telling The New York Times recently that it might make sense to pair the two issues together because infrastructure is “so popular” with members of Congress.

{mosads}White House National Economic Council Director Gary Cohn said last Thursday that Trump’s tax plan may involve using some tax revenue from businesses bringing foreign earnings back into the U.S. for infrastructure.

But the concept of linking tax reform and infrastructure has divided conservatives.

Four economic advisers to Trump’s campaign have recommended that the president focus on a business tax cut bill this year that also includes funds for infrastructure in an effort to appeal to Democrats. But other prominent conservatives, including Americans for Tax Reform President Grover Norquist, have warned that linking infrastructure and taxes could make tax reform less pro-growth.


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