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Trump’s big infrastructure plan has a lot of detail on everything but how to pay for it

Trump’s big infrastructure plan has a lot of detail on everything but how to pay for it

The Washington Post
By John Wagner and Heather Long
February 11

President Trump is poised to unveil a long-awaited plan Monday that aims to stimulate $1.5 trillion in new spending on the country’s ailing infrastructure over the coming decade, but many lawmakers in both parties say the president isn’t providing a viable way to pay for his initiative.

A year in the making, the proposal is an attempt to fulfill a marquee campaign promise and would rely heavily on states, localities and the private sector to cover the costs of new roads, bridges, waterways and other public works projects.

The plan calls for investing $200 billion in federal money over the coming decade to entice other levels of government and the private sector to raise their spending on infrastructure by more than $1 trillion to hit the administration’s goal of $1.5 trillion in new funding over 10 years. It also seeks to dramatically reduce the time required to obtain environmental permits for such projects... FULL ARTICLE

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