Published: Thu, February 15, 2018
World | By Paul Elliott

DC: Trump Budget Threatens Local Transit Projects

DC: Trump Budget Threatens Local Transit Projects

Trump raised the idea early previous year, as the administration explored plans for its tax overhaul.

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Furthermore, President Trump expressed his sentiments on their previous meeting about infrastructures, noting that other countries are taking advantage of the United States and now is being forced to implicate the rumored "reciprocal tax" in the market.

In keeping with another Trump campaign promise, the budget provides for $200 billion in federal funds meant to spur $1.5 trillion in infrastructure investments with state, local and private partners over the next 10 years - an ambitious program that will have to be approved by Congress. The plan is to inject a total $1.5 trillion into investments in roads and bridges over the next 10 years.

The overarching desire to improve broadband internet in rural communities appears bipartisan, albeit with varying opinions on how to achieve it and a lack of specifics in Monday's infrastructure plan. But the White House insisted the budget proposal still sends an important message about Trump's priorities.

Also included in the budget is $23 billion for border security, with much of that money going to fund Trump's border wall. Republicans also ran lukewarm on its ideas.

The budget chief said Monday the fallback should not reflect on Trump. "But despite these positive steps forward, the budget falls short in fiscal responsibility".

Trump wants to use $200 billion in federal funds to try to stimulate $1.5 trillion in infrastructure improvements over 10 years but would cut an equivalent amount in projected infrastructure spending from the federal budget as it shifted more costs to states and cities. Even with these cuts, government spending is projected to increase the federal debt by at least $7 trillion by 2027. Republicans in particular are typically vocally opposed to tax increases during budget discussions.

"As with every proposal that spends billions of taxpayer dollars, the devil will be in the details", said Americans for Prosperity, a group backed by conservative billionaires Charles and David Koch in a statement.

President Donald Trump suggested Wednesday that a 25 cent increase in gas and diesel taxes would be needed to help pay for the administration's new infrastructure plan, according to Democratic Sen.

Others were also cautious.

Meanwhile, experts say the budget would add almost one trillion dollars to the national deficit, and will likely be overhauled before it passes congress.

"These are spending caps", Mulvaney said.

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