FILE PHOTO: U.S. President Donald Trump delivers an statement about missile strikes on a Syrian airbase, at his Mar-a-Lago estate in West Palm Beach, Florida, U.S., April 6, 2017. REUTERS/Carlos Barria
U.S. President Donald Trump unveiled a long-awaited infrastructure plan on Monday that asks the U.S. Congress to authorize $200 billion over 10 years to stimulate $1.5 trillion in improvements paid for by states, localities and private investors.
“I submitted legislative principles to Congress that will spur the biggest and boldest infrastructure investment in American history. The framework will generate an unprecedented 1.5 to 1.7 trillion dollar investment in American infrastructure,” said
The plan would reshape how the federal government funds roads, bridges, highways and other infrastructure projects. If it comes to fruition, many Americans could face higher local taxes, fees, and tolls.
The administration called the proposal a starting point for negotiations.
“One of the reasons we like the public-private is we’ll get some of that involved in getting these things done quickly, much more rapidly than you would get them done as a government, as good as some of these governments are,” said Trump.
Legislation for Trump’s infrastructure proposal would need 60 votes for passage in the 100-seat senate. But with Republicans holding only a 51-49 majority, they would need some Democratic support for passage.
The president is set to meet with congressional leaders on Wednesday on the proposal. Trump will head to the Orlando, Florida, area on Friday to sell the plan to the public.— Reuters