Understandable Skepticism on Trump’s Infrastructure Plan
The Trump administration unveiled its long-awaited infrastructure plan with great fanfare last month. While the nation has many infrastructure needs, however, the plan seems to be generating little interest in Washington.
It’s not hard to see why. While the administration has promoted this as a $1.5 trillion program, it actually calls for only $200 billion in federal funding over 10 years. The remaining $1.3 trillion is supposed to come from state and local governments as well as the private sector as the result of federal incentives.