Officials Are Pushing Trump's Infrastructure Scam
February 12, 2018
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14:41Now PlayingOfficials Are Pushing Trump's Infrastructure Scam
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"President Trump is planning to announce a massive $1.5 trillion infrastructure plan Monday, unveiling the administration's long-awaited proposal aimed at rebuilding the nation's dilapidated roads, bridges and other components that have fallen into disrepair.
But there's one major hole in the White House's proposal — Mr. Trump's plan relies almost entirely on funding from entities outside the control of the federal government. Only $200 billion of the $1.5 trillion proposal would come from new federal funding. The White House would offset the new spending with unspecified cuts in other areas of the budget. The rest is expected to come from state and local governments and private investment.
Congress passed and the president signed into law extensive federal tax cuts in December, but the president's plan encourages "new revenue streams" on the state and local level, including taxes and usage fees, a senior administration official said in a background call with reporters Saturday.
"Taxes are one of the ways that state and local governments could raise revenues, but are certainly not the only ways," another senior administration official told CBS News. "They can sell bonds, use public private partnerships, create user fees, etc. We're pretty agnostic to the way they raise revenue."
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