President Trump releases $200 billion infrastructure proposal

Ebony Scott
February 19, 2018

Tom Carper reported that the suggestion was made in a bipartisan meeting at the White House which lawmakers also attended.

Transportation authorizers have not scheduled hearings to legislate on infrastructure.

Transportation Secretary Elaine Chao is accepting the cheque from the president in the amount of $100,000.

That plan anticipates that private companies will make the bulk of investments for infrastructure expansion and repairs, presumably repaid by more and higher tolls on highways, roads, tunnels, and bridges.

Also, as numerous critics of the plan raced to point out this week, it doesn't have much to say on the important question of how to pay for the work.

As a candidate, Trump vowed not to take a salary, which is $400,000 annually. "He said that he knew it was a hard thing for legislators to support and said that he would support the leadership to do that and provide the political cover to do that", Harper said during an interview with CNN.

The meeting, which took place behind closed doors, was called to discuss Trump's $1.5 trillion infrastructure plan, details of which were released by the White House Monday.

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So it was intriguing, later in the week, to see news reports that Trump had signaled support for a 25-cent increase in the federal fuel tax to pay for the plan.

The endorsement comes as White House and congressional Republicans are weighing the first increase in the federal gasoline tax in 25 years, a proposal that could dampen demand. Daniel Clifton, Strategas' head of policy research, wrote in a note, "The proposed gasoline tax increase adds another $0.25 per gallon".

The ATA advocates gradually raising the tax 5 cents each year over the next four years so the economy can absorb the increase, Spear said. He explained that the Interstate Highway System was built with funds authorized by the Federal Highway Act of 1956 (National Interstate and Defense Highways Act) and suggests transferring Defense Department funds to the Highway Trust Fund.

CHECK OUT: Low Gas Price An Opportunity For Higher Gas Tax?

Funded by billionaire industrialists Charles G. Koch and David H. Koch, Freedom Partners is one of thirty limited government groups which has gone on the record opposing the proposal - which would raise the federal gas tax from 18.4 cents per gallon to 43.4 cents per gallon over a five-year period. His otherwise understandable preoccupation with reducing United States trade deficits has been led astray by indiscriminate America-centrism and his overall refusal to accept widely accepted global trade protocols and practices, which are outcomes of mostly US-initiated and dominated trade negotiations under the framework of the World Trade Organisation.

"We're not for tax increases, but everybody knows something has to be done".

Other reports by GizPress

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