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Sunday Poll: Will The St. Louis Region Benefit From The Trump Administration’s Infrastructure Plan?

March 4, 2018 Featured, Sunday Poll No Comments
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Last month the Trump administration unveiled its infrastructure plan:

President Trump’s long-awaited plan for overhauling the nation’s crumbling infrastructure includes spending $200 billion in federal money over the next decade to spur an additional $1.3 trillion in spending from cities, states and private companies on major projects, White House officials said on Wednesday, a formula that faces long odds on Capitol Hill.

The increased infrastructure spending would be offset by unspecified budget cuts. Officials would not detail where those cuts would come from, or how the proposal would effectively leverage at least $6.50 in additional infrastructure spending for every dollar spent by the federal government, a ratio many infrastructure experts consider far-fetched. The officials said Mr. Trump would leave it up to Congress — where there is little consensus about how to pay for such a plan — to figure out the details, giving lawmakers wide latitude in creating what would need to be a bipartisan bill against the backdrop of the midterm elections. (New York Times)

Here’s a little more on the proposal:

The White House says its plan will create $1.5 trillion for repairing and upgrading America’s infrastructure. 

Only $200 billion of that, however, would come from direct federal spending. The rest is supposed to come from state and local governments, which are expected to match any federal allocation by at least a four-to-one ratio. States have gradually assumed more of the responsibility for funding infrastructure in recent years, and the White House says it wants to accelerate that trend. 

“What we really want to do is provide opportunities for state and local governments to receive federal funding when they’re doing what’s politically hard, and increasing investment in infrastructure,” DJ Gribbin, Trump’s special assistant for infrastructure, said to theUnited States Conference of Mayors last month. 

However, existing funding sources — such as sales taxes that have already been levied to pay for transit projects — may count towards a local jurisdiction’s contribution. (CNN/Money)

This plan is the topic of today’s poll:

This poll will close at 8pm tonight.

— Steve Patterson

 

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