MASSIVE INFRASTRUCTURE PLANS CALLS FOR BIG BUCKS

posted by ron -

             

Rebuilding bridges roads, dams, and more is top of mind for the Trump administration.

President Trump is pitching his big infrastructure plan. In a meeting with some lawmakers at the White House , Trump said the need to replace the nation's crumbling infrastructure is great. The plan calls for a 200-billion dollar government investment in highways, bridges, rails and airports. So, where's that money coming from?

The President said that will hopefully provoke more than one-trillion dollars in infrastructure spending through state and private partnerships. Critics think this flip funding idea will create tolls roads and higher gas taxes. Another possibility to fund the massive infrastructure plans is an increase in the gas tax which hasn't seen an increase since 1993. All  grandiose projects sound terrific until it comes down to the harsh reality of funding such projects.

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