UPDATED 9:13 AM PT — Friday, May 3, 2019
House Minority Leader Kevin McCarthy is offering-up a solution to pay for the two trillion dollar infrastructure plan agreed to by both parties.
On Thursday, the lawmaker said the Generating American Infrastructure and Income Now (GAIIN) Act could be used to pay down $100 billion of the plan. The measure works by having the Department of Agriculture sell off some of its debt, and then invest that money into rural districts and inner cities.
The GAIIN Act has bipartisan support from both the Congressional Black Caucus and the House Freedom Caucus.
McCarthy is now calling for a vote on the measure:
“I want to be able to have the GAIIN Act on the table. I want to be able to have reforms. I don’t want to wait…there’s a better way to do it, and there’s a better way to get synergy when you do private and public partnerships, and I’ll sit with anybody that wants to work to solve the problem.”
Some lawmakers have proposed raising taxes on gas to pay for the plan. Democrat leadership will meet with the president later this month to hammer out a plan for funding.