[author: Lai Lam]
Senate Democrats have released their $1 trillion infrastructure plan.
Under the plan, Democrats would roll back some of the tax cuts enacted last year to help offset the $1 trillion price tag. For example, they propose to increase the corporate tax rate to 25 percent, return the top individual tax rate to 39.6 percent, eliminate the exemption increase for the estate tax, and end the preferential tax treatment of carried interest.
It remains to be seen whether Congress will immediately move to infrastructure after its work on the FY 2018 omnibus. Washington observers are generally pessimistic about the prospects of getting an infrastructure package done this year.
