Trump’s $1.5 Trillion Infrastructure Plan Is Light on Federal Funds (the GOP will not give up any more $), and Details (PRIVATE FUNDING)
The proposal received a cool reception from Democrats, who disagree with the president over how to finance the nation’s ailing roads, bridges and other infrastructure.
WASHINGTON — President Trump’s long-awaited plan for overhauling the nation’s crumbling infrastructure includes spending $200 billion in federal money over the next decade to spur an additional $1.3 trillion in spending from cities, states and private companies on major projects, White House officials said on Wednesday, a formula that faces long odds on Capitol Hill.
The increased infrastructure spending would be offset by unspecified budget cuts. Officials would not detail where those cuts would come from, or how the proposal would effectively leverage at least $6.50 in additional infrastructure spending for every dollar spent by the federal government, a ratio many infrastructure experts consider far-fetched. The officials said Mr. Trump would leave it up to Congress — where there is little consensus about how to pay for such a plan — to figure out the details, giving lawmakers wide latitude in creating what would need to be a bipartisan bill against the backdrop of the midterm elections.
Asking a polarized Congress to hash out a complex and contentious plan could complicate an already steep climb for a proposal that was a pillar of Mr. Trump’s presidential campaign. That difficulty was underscored by a cool reception for Mr. Trump’s proposal from Democrats and labor groups, longtime champions of boosting infrastructure spending, on Wednesday.