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Entries in Trump infrastructure plan (13)

Wednesday
Jun072017

Trump to Outline Infrastructure Plan That Includes Rural Funding

Bloomberg Politics

 June 7, 2017

U.S.President Donald Trump will outline his vision on Wednesday for an infrastructure plan that includes federal grants to rural areas as well as to states and localities to create additional funding for projects, according to a preview of the speech provided by the White House.

Trump is scheduled to speak in Cincinnati as part of what the White House has billed as a week-long effort to formally launch the initiative to deliver the $1 trillion in infrastructure investment he has promised to upgrade crumbling roads, bridges, airports and other assets.

The president proposes allocating $200 billion in federal funding over 10 years to spur at least an additional $800 billion in spending by states, municipalities and the private sector. The federal funds will be divided into four categories:

* A mixture of grants and loans to “transformative’’ projects, with Trump’s proposal to place the U.S. air-traffic control system under a private, non-profit corporation as an example.

* Grants to rural areas to repair bridges, roads, and waterways. Critics of Trump’s approach have raised concerns that rural areas would not be able to use tolls or fees needed to attract private investment.

* Enhanced loan programs, with the Transportation Infrastructure Finance and Innovation Act, or TIFIA, as an example of how federal funds can be used with state, local, and private dollars to fund projects.

* Incentive programs with grants to states and municipalities to create additional funding for infrastructure.

Wednesday
May312017

Trucking groups question Trump’s push for highway privatization

Commercial Carrier Journal

May 31, 2017

President Donald Trump’s proposed budget for the 2018 fiscal year has drawn tepid reactions from some trucking groups, particularly over his call for allowing greater tolling efforts on U.S. Interstates.

Trump’s budget, as noted Monday, proposes removing the ban on tolling existing Interstate lanes, according to most interpretations, along with slashing billions from the Department of Transportation’s annual budget, greater privatization of public rest stops and attempts to drum up investment from private companies for highway projects.

Several trucking groups, however, have balked at Trump’s proposal to fund highways via tolls, as have anti-toll groups, obviously. Others, such as the International Bridge, Turnpike and Tunnel Association, have expressed tepid support, arguing any step toward boosting highway funding is better than no steps.

Read on...

Wednesday
May242017

Trump slips infrastructure plan into budget

Politico

May 24, 2017

The Trump administration finally laid out its long-promised vision for a $1 trillion national infrastructure plan Tuesday — with nary a peep of fanfare and the president not even in the country to talk it up.

It arrived as a six-page fact sheet packaged with President Donald Trump’s $4.1 trillion proposed 2018 budget. As expected, it laid out a vision for $200 billion in direct federal spending over the next decade on needs such as roads, bridges, tunnels, railroads and expanded broadband, along with incentives for states, cities and private investors and efforts to reduce the burdens of regulations. 

“The administration’s goal is to seek long-term reform on how infrastructure projects are regulated, funded, delivered and maintained,” Transportation Secretary Elaine Chao told reporters Tuesday. She said the administration expects “to have more details forthcoming,” including a legislative package later this year, but described the concepts handed out.

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Tuesday
May022017

Trump Open to Raising Gas Tax, Says Truckers Back Higher Price for Highways

Transport Topics

May 2, 2017

President Donald Trump said he’s willing to raise the U.S. gas tax to fund infrastructure development and called the tax-overhaul plan he released last week the beginning of negotiations.

“It’s something that I would certainly consider,” Trump said May 1 in an interview with Bloomberg News in the Oval Office, describing the idea as supported by truckers “if we earmarked money toward the highways.”

Trump released a tax plan April 26 that would cut the maximum corporate tax rate to 15% from the current 35%. The same reduced rate would apply to partnerships and other “pass-through” businesses

He said he is willing to lose provisions of his tax plan in negotiations with Congress but refused to specify which parts. He also repeated his call for a “reciprocal tax,” which would be aimed at imposing levies on imports to match the rates that each country charges on U.S. exports.

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Tuesday
Apr112017

Why Trump’s $1 trillion infrastructure plan could wind up in a ditch

Politico

April 11, 2017

President Donald Trump is counting on his $1 trillion infrastructure proposal to produce the kind of bipartisan legislative victory that has eluded him on health care and pretty much everything else.

Instead, he’s running into familiar roadblocks: suspicious Democrats, a divided GOP and questions about the math.

Trump’s plan, expected to be released as early as May, has already faced months of skepticism from some conservative deficit hawks — even though it’s likely to call for far less direct federal spending than its eye-popping price tag implies. Meanwhile, Democrats are crying foul at suggestions that the blueprint will include hefty tax breaks for private investors and a shredding of permit requirements.

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Wednesday
Mar292017

Optimism rising for infrastructure deal

The Hill

March 29, 2017

President Trump’s $1 trillion infrastructure plan is grabbing some of the spotlight in Washington after Republicans’ bruising defeat on healthcare.

The rebuilding package was expected to sit on the sidelines until the fall, but lawmakers on Capitol Hill think that timeline could be accelerated with more room on the legislative agenda and an administration eager to score a victory.

“This just leapfrogged,” Rep. Lou Barletta (R-Pa.), who was on Trump’s transition team, told The Hill. “This is something the president has wanted to do. But with healthcare pushed to the back burner, I believe that it’s infrastructure that gains steam.”

“It moves everything up if you take [healthcare] out,” said Sen. James Inhofe (R-Okla.), chairman of the Environment and Public Works Committee’s subcommittee on transportation and infrastructure.

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Tuesday
Mar282017

Scoop: Trump wants to do tax reform and infrastructure at the same time

Axios

March 28, 2017

The Trump administration is looking at driving tax reform and infrastructure concurrently, according to a White House source with direct knowledge.

It's a major strategic shift - infrastructure was likely going to be parked until next year - and is only possible because of last week's healthcare debacle.

President Trump feels burned by the ultra conservative House Freedom Caucus and is ready to deal with Democrats. Dangling infrastructure spending is an obvious way to buy the support of potentially dozens of Dems, meaning he wouldn't have to bargain with the hardliners.

Bill Shuster, the guy who would steer Trump's infrastructure package through the House, tells me he's optimistic Trump could get it done this year.

"It certainly changes the calculus of the timing with the defeat of healthcare," says Shuster, the chair of the House Transportation and Infrastructure Committee, in an interview in his Capitol Hill office Monday.

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Monday
Mar062017

Chao Tells Conference ‘Time Has Come’ to Rebuild U.S. Transportation Infrastructure

AASHTO Journal

March 6, 2017

U.S. Transportation Secretary, Elaine Chao"The time has come for a new program of national rebuilding," U.S. Transportation Secretary Elaine Chao told leaders of state departments of transportation at an annual Washington, D.C., conference of the American Association of State Highway and Transportation Officials.

In her prepared remarks as posted on a USDOT website, Chao echoed a signature statement issued the night before by President Trump as he said he would ask Congress for a major new infrastructure investment program.

Trump in his Feb. 28 speech to a joint session of Congress highlighted improvements he wants to make in transportation systems. Chao, in her March 1 keynote remarks at the AASHTO "Washington Briefing," told the state agency CEOs that "already, numerous meetings have been held – at the White House and at the Department of Transportation – with key infrastructure stakeholders from all over the country."

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