A Senate Finance subcommittee turned a critical eye to the current tax code and public-private partnerships as a solution for infrastructure funding woes during a hearing last week, which came on the heels of a Department of Transportation report that announced record-breaking highs in the number of P3 deals for surface transportation.

"I personally am open to a role for the private sector, but I have real concerns about this headlong rush into public-private partnerships" and about the DOT's "promotion of these partnerships as the new paradigm for highway infrastructure financing," Sen. Jeff Bingaman, D-N.M., said during Thursday's hearing.

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