Trump’s in­fra­struc­ture plan likely to hit road­blocks

Daily Freeman (Kingston, NY) - - WEATHER -

Don­ald Trump has vowed to re­build the na­tion’s roads, bridges, air­ports and rail­ways, but the path to de­liv­er­ing on that prom­ise is full of pot­holes.

When Pres­i­dent Barack Obama tried to do it, a Repub­li­can Congress fought him at al­most ev­ery turn, and Trump would have to con­tend with his party’s deep-seated dis­like for gov­ern­ment spend­ing and higher taxes to meet the $1 tril­lion tab for his pro­pos­als.

The trans­porta­tion in­dus­try sees hope in Trump’s plans, which he made the first pol­icy is­sue in his Wed­nes­day vic­tory speech.

“We are go­ing to fix our in­ner cities ... We’re go­ing to re­build our in­fra­struc­ture, which will be­come, by the way, sec­ond to none,” he said. “And we will put mil­lions of our peo­ple to work as we re­build it.”

But Trump has been vague what about he’d do and what it would cost. Dur­ing the cam­paign, he said he’d dou­ble the $275 bil­lion boost in gov­ern­ment in­fra­struc­ture spend­ing pro­posed by his Demo­cratic op­po­nent, Hil­lary Clin­ton. A re­cent pa­per by Trump ad­vis­ers calls for us­ing fed­eral tax cred­its to gen­er­ate $1 tril­lion in pri­vate sec­tor in­fra­struc­ture in­vest­ment over a decade. To off­set the cost of the cred­its, U.S. cor­po­ra­tions would be en­cour­aged to bring home prof­its parked over­seas to avoid taxes, in ex­change for a low tax rate.

If that cor­po­rate tax “repa­tri­a­tion” idea sounds fa­mil­iar, it’s prob­a­bly be­cause Obama has been urg­ing Congress to do that, and Clin­ton cited repa­tri­a­tion as the way she would pay for her in­fra­struc­ture plan.

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