Monday , February 12, 2018 - 1:45 PM
(c) 2018, The Washington Post.
While President Donald Trump touted his long-awaited plan Monday “to rebuild America’s crumbling infrastructure,” his budget actually would cut more federal spending on such programs than it would add, according to an analysis by Senate Democrats.
Trump’s infrastructure plan, which he pitched at the White House on Monday in a meeting with state and local officials, calls for spending $200 billion in federal funds over the coming decade. The hope is that it would stimulate what the White House says could exceed $1.5 trillion in new investment in roads, bridges, waterways and other infrastructure, when spending by other levels of government and the private sector is factored in.
Besides unveiling his infrastructure plan, Trump also released his 2019 budget blueprint Monday. Combing through it, the office of Senate Minority Leader Charles Schumer, D-N.Y., identified more than $240 billion in proposed cuts over the coming decade to an array of existing infrastructure programs - a higher number than what Trump is proposing in “new” spending.
The White House did not immediately respond to a request for comment.
The cuts identified by Schumer’s office include a $122 billion reduction in outlays over the coming decade to the Highway Trust Fund, which pays for road projects and mass transit. Other proposed reductions would target an array of programs that fund rail, aviation, wastewater and subsidized housing.
Of the $200 billion in new federal spending that Trump is proposing over the coming decade, half would be used to create an incentives program to reward states and localities that invest more in infrastructure projects. The money would be doled out on a competitive basis, with awards that amount to up to 20 percent of a project’s cost.
An additional $50 billion would be directed to rural infrastructure programs, distributed to governors through block grants.
And $20 billion would be spent on “transformative” projects, such as plans to build tunnels for high-speed trains.
The remaining $30 billion would be used to significantly expand loan programs, for private activity bonds and for a capital financing fund.
In his remarks at the White House on Monday, Trump said his initiative would “ spur the biggest and boldest infrastructure investment in American history.”
His task in coming weeks will be to sell the plan to many skeptical members of both parties.
Trump said what he’s produced is “a common sense and bipartisan plan that every member of Congress should support.” But he seemed to acknowledge the challenges ahead in lobbying lawmakers.
“If for any reason they don’t want to support it, hey, that’s going to be up to them,” Trump said. “What was very important to me was the military. What was very important to me was the tax cuts. And what was very important to me was regulation. This is of great importance, but it’s not nearly in that category.”
Sign up for e-mail news updates.