President Trump has wanted to spend $1 trillion on roads, bridges, rails and other infrastructure since 2016. After his plan failed in a Republican-led Congress, he's taking a new approach. But it's unclear how he'll fund it.
JEFFERSON CITY, Mo. — As a presidential candidate in 2016, Donald Trump promised a $1 trillion infrastructure plan that would use tax incentives to spur private investment in public works projects.In another election year, Trump has outlined a new $1 trillion plan for spending on roads, rails, water systems and other infrastructure. This time, the president is proposing to rely fully on federal spending.
White House budget documents show that Trump’s plan lacks revenue sources for almost half the $1 trillion amount — about $450 billion proposed for roads and bridges, public transit, rails, ports, pipelines, dams, drinking water and sewer systems, and electrical and high-speed internet networks. a $2 trillion infrastructure plan that House Speaker Nancy Pelosi said “would be big and bold.” But that disintegrated as House Republicans raised concerns about cost, Trump declared a new North American trade deal a higher priority and Democrats pursued impeachment.
During an October 2016 speech in Gettysburg, Pennsylvania, Trump provided new details and included infrastructure in his “100-day action plan to make American great again.” He said he would leverage “public-private partnerships and private investments through tax incentives to spur $1 trillion in infrastructure investment over the next 10 years.”
Trump’s new plan takes a more traditional Washington approach. He proposes $810 billion through a 10-year reauthorization of the surface transportation program, which provides funding for roads, bridges, rails, public transit and transportation safety programs and is set to expire at the end of September.
But DeFazio touched on a potential sticking point: He said it was hard to say whether Trump “actually wants to move forward with innovative solutions that would tackle carbon pollution in the transportation sector.”
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