Trump’s New Infrastructure Plan Is Kind Of Underwhelming
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The “big league” president goes small on infrastructure.
President Donald Trump is expected to unveil his long-delayed infrastructure proposal on Monday, an initiative meant to spur investment in the nation’s crumbling roads, bridges, and waterways. However, the plan is believed to be a far cry from his populist campaign rhetoric, in which he promised to unleash a grand national renewal not seen since the days of Dwight Eisenhower.
While the plan includes a shiny topline number ― a $1.5 trillion investment in infrastructure ― the substance of the package is decidedly less than meets the eye. The proposal seeks to turn just $200 billion in direct federal spending over the next decade into nearly seven times that number by leveraging state and local tax dollars as well as private investment. The American Society of Civil Engineers, meanwhile, says the U.S. needs to invest $4.59 trillion in infrastructure by 2025.
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