How to Fund the Infrastructure Rebuild Everyone Wants

How to Fund the Infrastructure Rebuild Everyone Wants

"Both parties," said President Trump in his State of the Union Address on Tuesday, "should be able to unite for a rebuilding of America's infrastructure." No doubt both Democrats and Republicans would love to. But with trillion-dollar deficits starting in 2020, where will Washington get the money?

That question has vexed the nation for years, but there's an answer: a special infrastructure bank that is 100% privately funded. The bank's cash, in turn, will come, not from taxpayer dollars or federal borrowing, but from U.S. and foreign investors looking for a good return. Washington will play a role by offering tax incentives for both equity and debt, providing light-touch regulatory oversight, but not spending a dime.

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