The Democrats are trying to jump on the American infrastructure idea that President Trump has been touting since the beginning of his campaign.
Their plan would come at a cost of one trillion dollars, but the Democrats said they would guarantee support for the plan if President Trump endorsed it.
The New York Times reported that Minority Leader, Chuck Schumer (D-N.Y.) was expected to say, “Our urban and rural communities have their own unique set of infrastructure priorities, and this proposal would provide funding to address those needed upgrades that go beyond the traditional road and bridge repair.”
The infrastructure plan the Democrats are proposing reportedly contains the following allotted spending:
- $180 BIL – Rail & Bus Systems
- $ 65 MIL – Ports, Airports & Waterways
- $110 BIL – Water & Sewer Systems
- $100 BIL – Energy Infrastructure
- $ 20 BIL – Public and Tribal Lands
President Trump said his infrastructure package would be unveiled within the first 100 days of his presidency. However, one of his top advisers said that the president’s plan may run into roadblocks in the Republican-led Congress.
Richard LeFrak said on CNBC’s “Squawk Box, “He has to come up with a financing plan, and I think there’s going to be a little bit of a tug of war between the conservatives in the Republican party who are concerned about deficits and the president who’s concerned about jobs. I think he will prevail, ultimately, because he wants to put people to work.”
H/T: The Hill
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