Trump infrastructure plan predicated on increased investment from states

David CaldwellNews

On Monday, President Donald Trump unveiled his infrastructure plan. The overarching goals of the plan are to stimulate at least $1.5 trillion in new investment, shorten project permitting time to two years, invest in rural projects and improve worker training. Of that $1.5 trillion, only a fraction — $200 billion – will come from the federal government. Here are some of the takeaways from the plan: $200 billion – will be federal government funding. Those funds are intended to induce the states, local communities and private sector to raise the remaining $1.3 trillion. $100 billion will be allocated for competitive grants. Preference will be given for applications that include raising revenue through taxes, fees or tolls. The federal government would … Read More