That $1 Trillion May Actually Be Only $200 Billion


According to a report from Bloomberg, President Trump plans to release his long-promised infrastructure proposal in early January, citing a senior administration official.

Infrastructure advocates question whether a Republican-led Congress will be able to pass a spending plan with enough federal funding if it’s already approved a tax measure that official estimates say would bloat the budget deficit. Some say the administration missed its best opportunity to deliver a meaningful public works initiative by not incorporating it into the tax bill, which is nearing approval. 

Trump promised during his campaign to introduce a $1 trillion proposal within his first 100 days in office, then the administration said there’d be a plan by the third quarter. That didn’t happen after the failed attempt to overhaul health care and the ongoing tax effort.

The president aims to release a detailed document of principles, rather than a drafted bill, for upgrading roads, bridges, airports and other public works before the Jan. 30 State of the Union address, said the administration official, who spoke on condition of anonymity because the details aren’t public. Naysayers should wait until they see the details and how the legislative process unfolds, the official said.

The White House plan is essentially complete and Trump recently reviewed it, the official said. It calls for allocating at least $200 billion in federal funds over 10 years and counts on states, localities and the private sector to kick in $800 billion to reach the promised $1 trillion in investment.