President Trump is set to give a speech today in Cincinnati that will outline new parts of his infrastructure plan as part of “Infrastructure Week.” On Monday he unveiled one part of the plan—modernizing and reforming America’s air traffic control system. But it gets even more exciting!
Today he is expected to talk about his ideas for giving federal grants to rural areas, along with states and municipalities to fund their own projects. President Trump will distinguish his plan from Obama’s 2009 $787 billion stimulus package by insisting on “accountability of how federal tax dollars will be spent…[instead of] just substituting federal highway dollars for state dollars.”
But the most exciting part is President Trump will be drastically reducing the amount of time needed to get funding and approval for projects—from ten years to TWO. This will help every city, state, or town get the projects they want and need so much faster!
The plan is projected to cost $200 billion in federal dollars over ten years, while partnering with private businesses and state and local governments to access an additional $800 billion in spending—for a total of $1 TRILLION.
President Trump has not released a funding breakdown just yet, but right now we know that the federal funds will be divided into four groups:
- Mixing grants and loans for major overhauls, such as the air-traffic control plan.
- Grants to rural areas to fix up basic infrastructure in bad need of repairs.
- Overhauling federal loan programs to enhance accountability and more quickly approve projects.
- Incentive programs for local governments to find supplemental sources of infrastructure funding.
This plan sounds AWESOME. President Trump was a building developer for nearly 50 years, so of course he knows what it’s going to take to fix America’s broken down infrastructure. There is going to be a lot more news about this plan- so stay tuned!
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Source: Liberty Writers