President Trump’s proposed budget plan would redirect $1 trillion to infrastructure spending over the next decade. This comes shortly after the previous administration signed a bill into law that would increase infrastructure spending by $305 billion over the next five years. While potential allies call for even greater amounts, policy critics suggest implementing free market principles to stretch a smaller amount of funding. By removing Buy America rules, repealing the Davis-Bacon Act, and continuing to repeal burdensome regulations, Trump can craft a more fiscally conservative infrastructure plan.
The Congressional Budget Office reports that state, federal, and local governments spent $416 billion on infrastructure in 2014 alone, accounting for roughly 2.5 percent of gross domestic product (GDP). Approximately one quarter of all infrastructure spending came via the federal government. Trump’s plan would increase it by $20 billion per year.
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