Congress should consider eliminating tax exemption and privatizing infrastructure to subject it to property taxes in order to broaden the tax base, a director from the right-leaning think tank, Cato Institute, said this week.

“Federal infrastructure spending often gets bogged down in mismanagement and cost overruns,” Chris Edwards, director of tax policy at Cato, told members of the Joint Economic Committee at a hearing on Wednesday. “Decades of experience show that many federal investments get misallocated to low-value activities because of politics. That’s why we should tackle the nation’s infrastructure challenges by decentralizing the financing, management and ownership of investments as much as possible.”

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