American taxpayers should not foot the bill for infrastructure improvements around the country, the new White House chief of staff said recently.

“I don’t think raising the taxes on the American people right now is the way to go at this point of our economy," William M. Daley told Bob Schieffer of CBS's "Face the Nation" Sunday.

Daley, a former Wall Street executive who opposed two of President Obama's major initiatives, said that investment for US infrastructure could instead come from private sources both foreign and domestic.

"That's a creative way to move forward," he said.

Daley continued, "Reality is, as certain people in the Republican Party have said, there's no way they are going to look for revenue raising in any way, shape, or form. It obviously puts an enormous constraint on the budget and the deficit."

When asked about the Republicans' proposed $55 billion cut from the federal budget, Daley said that he has yet to see from where the cuts would come.

"Where's the beef?" he replied.

Daley noted that Obama has already called for a domestic spending freeze amounting to $400 billion over 10 years. Then-candidate Obama, however, campaigned in 2008 against a spending freeze proposal.

Earlier this month, Daley replaced interim chief of staff Pete Rouse, who in turn took over from Rahm Emanuel.

The White House will unveil its proposed federal budget in two weeks.

"We got in this hole over many years," Daley told Bob Schieffer. "No business, when they get in trouble, just cuts and has much of a business when the cycle comes back."

This video is from CBS's Face The Nation, broadcast Jan. 30, 2011, snipped via Mediaite.