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News Link • Economy - Economics USA

White House Releases 55-Page, $1.5 Trillion Infrastructure Plan

• https://www.zerohedge.com, by Tyler Durden

Since the initial draft was leaked last month, Trump has raised his fundraising goal to $1.5 trillion from $1 trillion.

Most of the 55-page plan's most salient details were leaked overnight.

At its core, the proposal will use the $200 billion, to be disbursed over a decade, as seed money to incentivize states, localities and the private sector to commit to spending the balance of the headline number...

It will also streamline the permitting process and improve training to get qualified workers ready to work on rural infrastructure projects...

However, Democrats have complained the plan relies too heavily on municipalities and states, and doesn't provide enough federal funding to have much of an impact. Some have described it as a "bait-and-switch" since it's unclear if the White House will be able to raise the headline number.

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