Wilbur Ross, a billionaire investor expected to be nominated as the next secretary of the Commerce Department, says the United States could spur $1 trillion in infrastructure spending by giving out about $137 billion in tax credits to private investors. “According to a report from the Congressional Budget Office, in the last 25 years, there have been 36 privately financed road projects; of the 14 that have been completed, three declared bankruptcy and one needed a public buyout,” DeLauro said in a recent op-ed that ran in the Huffington Post. “This is not a track record that inspires confidence. Privatization will let down the millions of Americans who depend on our infrastructure each and every day.”
CT senators blast Trump’s infrastructure plan, but hope for compromise