Trump’s Infrastructure Plan Falls Short, Again
February 12, 2018
It’s infrastructure week, again. After repeatedly failing to live up to his infrastructure promises, the release of Trump’s infrastructure plan today once again falls short. Trump’s plan is just another giveaway to corporations and wealthy developers at the expense of American workers, and it fails to address some of the most pressing infrastructure needs our country faces.
Trump has repeatedly failed to live up to his promise to prioritize America’s infrastructure.
Politico: “Weeks before the election, his ‘action plan’ for his first 100 days in office increased the pledge to ‘$1 trillion in infrastructure investment over 10 years,’ from both public and private money. Then the 100-day time frame came and went.”
The Trump tax makes infrastructure financing more expensive.
Brookings: “By increasing the cost to finance infrastructure for states and local governments, the recently enacted Tax Cuts and Jobs Act (TCJA) will lower investment in our nation’s infrastructure. This runs counter to President Trump’s repeated desire to tackle the major problems associated with America’s crumbling infrastructure through increased investment. The impact may be large and immediate enough to swamp the short-term impact of any infrastructure package Congress can put together in the immediate future.”
Trump’s infrastructure plan prioritizes profits for private developers over the needs of working families.
CNBC: “The plan will use public-private partnerships to fund up to 80 percent of the bill, NBC News said, citing sources who have seen Trump's proposal.”
CBS News: “But there's one major hole in the White House's proposal — Mr. Trump's plan relies almost entirely on funding from entities outside the control of the federal government. Only $200 billion of the $1.5 trillion proposal would come from new federal funding.”
Trump’s infrastructure plan shifts a heavy burden onto state and local taxpayers.
Associated Press: “Trump Infrastructure Plan Seeks To Shift Burden To States.”
NBC News: “Trump infrastructure plan to ask states for big bucks”
Trump’s infrastructure plan prioritizes projects that would be profitable to corporations and Wall Street.
NPR: “Critics worry that would lead to only projects that could generate revenue, such as toll roads or bridges, getting funded.”
Bloomberg: “While Trump estimated as recently as last week that the overall infrastructure investment could reach $1.7 trillion in total spending, Democrats have argued for more direct federal outlays, and say the plan could benefit real estate developers and leave crucial but unprofitable projects unaddressed.”
Trump’s infrastructure plan overlooks some of the most pressing needs across our nation.
Vox: “There are also some notable omissions, including no mention of an increase in the gas tax to give an infusion to the struggling Highway Trust Fund, which pays for surface transportation and hasn’t increased in more than two decades.”
Trump’s infrastructure plan is funded by cutting funding from other transportation and infrastructure programs.
Huffington Post: “Rather than creating new sources of revenue, such calling for an increase in the federal gas tax ― which is supported by groups like the U.S. Chamber of Commerce ― White House aides have suggested that lawmakers pay for Trump’s infrastructure proposal by cutting funding from other transportation programs like Amtrak or the Highway Trust Fund. To that end, the White House on Monday is slated to release its 2019 fiscal year budget, which is expected to renew the call for deep cuts to domestic programs like transportation.”
CBS News: “He’s calling for a $1.5 trillion infrastructure package that would likely redirect $200 million in existing funds from Amtrak and transit programs while calling for hundreds of millions more from cities, states and the private sector. But private investment requires projects that make money, like toll roads, which are typically in urban areas.”
Trump has not proposed a viable way to pay for his infrastructure plan.
CNN Money: “At the Conference of Mayors, Gribbin explained that the Trump administration is not proposing a specific funding mechanism for the infrastructure plan, saying that will be a conversation with Congress.”
Washington Post: “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.”