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News Link • Obama Administration

US Taxpayer-Funded Infrastructure To Be Sold To Foreigners?

American taxpayers should not foot the bill for infrastructure improvements around the country, the new White House chief of staff said recently. “I don’t think raising the taxes on the American people right now is the way to go at this point of our economy," William M. Daley told Bob Schieffer of CBS's "Face the Nation" Sunday. Daley, a former Wall Street executive who opposed two of President Obama's major initiatives, said that investment for US infrastructure could instead come from private sources both foreign and domestic. "That's a creative way to move forward," he said.

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