Trump Backs Off Plan To Fund Infrastructure Stimulus With Private Money
Trump Backs Off Plan to Fund Infrastructure Stimulus With Private Money
During his campaign, Donald Trump promised to deliver blue-collar jobs to the rural America by making a $1 trillion investment in our nation’s infrastructure. After winning election, his administration revealed that the bulk of this funding would come from the private sector: Rather than directly funding $1 trillion worth of public works, the federal government would encourage investors to bankroll for-profit construction projects by offering them a couple hundred billion in tax incentives.
There were a couple problems with this idea. For one thing, the administration’s plan did not have any mechanism for ensuring that the tax incentives wouldn’t …