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Trump to Release $1.5 Trillion Infrastructure Plan
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12 Feb 2018 05:53 AM EST

The White House is rolling out President Donald Trump’s long-awaited infrastructure plan Monday, swinging for the fences with a $1.5 trillion initiative that is light on new federal dollars — but could inspire a wave of toll roads, ease decades-old regulations and permanently change cities’ and states’ expectations for assistance from Washington. The proposal faces tough odds in Congress: Some conservative Republicans are already expressing shock at Trump’s total price tag, while Democrats say the share coming from the federal government would be too little to fill the backlog of crumbling roads, bridges, railroads, tunnels and airports, along with other needs like rural broadband service. Trump is proposing to provide $200 billion for his plan over the next 10 years — “not a large amount,” he has conceded — paid for by unspecified cuts elsewhere in the budget proposal that the White House also plans to release Monday. That spending is meant to draw an additional $1.3 trillion or more in investments from cities, states, private investors and other sources. Many infrastructure advocates believe that the real fix that’s needed is a permanent new revenue stream, something Trump’s plan doesn’t address.

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