Top Republican on the Senate Finance Committee showed support for Democratic Sen. Ron Wyden’s transportation tax-credit bond proposal Tuesday, indicating for the first time that the GOP may back the taxable bonds if they don’t add to federal spending.

Speaking Tuesday during a committee hearing on infrastructure, Sen. Orrin Hatch, R-Utah, referring to tax-credit bonds, said Republicans “are not against Build America Bonds without a direct pay-model.” 

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