Trump may link infrastructure to health

US President Donald Trump says he could get his healthcare package passed by tying it to a $US1 trillion infrastructure plan.

US President Donald Trump says he's considering packaging a $US1 trillion infrastructure plan with either healthcare or tax reform legislation as an incentive to get support from lawmakers, especially Democrats.

He may fast-track the unveiling of a plan to rebuild the country's deteriorating roads, bridges and tunnels, Trump said in an interview with the New York Times.

"I'm thinking about accelerating it. I'm thinking about putting it with another bill. Could be health care, could be something else. Could be tax reform," he said.

Trump was stung by his first legislative push, a failed attempt to roll back former President Barack Obama's healthcare law, which ended in an embarrassing collapse in Congress two weeks ago.

The White House has tried to revive healthcare talks while also seeking other legislative measures - such as tax reform - that could give Trump a win in the early part of his presidency.

US Transportation Secretary Elaine Chao said last week the Trump administration would later this year unveil a $US1 trillion, 10-year plan to modernise US roads, bridges, airports, electrical grid and water systems, offering incentives for public-private partnerships.

Trump said he wanted to accelerate that roll-out, but provided no timeline.

Trump said Democratic lawmakers "are desperate for infrastructure" and may be more likely to sign on to a Republican-backed tax reform or healthcare bill if spending on roads and bridges were included.

"We're talking about a trillion-dollar infrastructure," Trump said.

Some of the infrastructure projects may be built through public-private partnerships, Trump said, declining to say how the total spending would split between public and private sources. But he also said that with interest rates low, the government may be better off financing the projects itself.

"When you can borrow so inexpensively, you don't have to do the public-private thing. Because public-private can be very expensive," Trump said.

Trump said he would make an announcement in two weeks about whether he would seek changes to a wage law for federal projects blamed by conservative groups for inflating costs, though he declined to say what the announcement would be.

On tax reform, Trump said he wanted to wait and see what happens on healthcare legislation, which has stalled in the House of Representatives, before setting out details on taxes.

The details of the healthcare bill could determine how much he could cut taxes, he said.

Republicans have been working on a plan to cut the corporate tax rate to 20 per cent from 35 per cent, end taxing foreign profits for US-based multinationals and cut other tax rates for businesses and investors - as well as simplify and cut personal income taxes.


Share
3 min read

Published

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world
Trump may link infrastructure to health | SBS News