Is it a Scam Behind Blue Print of Trump’s Infrastructure?
President of the United State Donald Trump has recently unveiled his long-awaited plan to restore the infrastructure of US but detractor believes, it is a “Scam”.
Mr. Trump has demanded from Congress to approve $200bn in order to revamp airports, ports, roads, and highways. Donald Trump is also hoping that the private sector and US states will raise another $1.3tn in order to improvise this project. The plan was a Trump election promise, but it could extra load on Americans for paying higher tolls, fees, and local taxes.
This proposal also includes $100bn for an incentives programme to urge additional funds from the private sector, localities, and from states.
The management is also seeking $20bn in bonds and loans to finance this project including water and transportation.
Many experts say that this plan will burden on the states and eventually it would pass to the citizens
“We have spent $7 trillion in the Middle East, $7 trillion. What a mistake,” Mr. Trump said at the White House on Monday.
“And we are trying to build roads and bridges and fix bridges that are falling down and we have a hard time getting the money and its crazy.”
However, administration department has called this proposal an initial point for the negotiations but Donald Trump says it is a lawmaking priority since there will be elections loom in mid-term in November month.
On Monday, Donald Trump met local and state officials. They had met with governors of Maine, Virginia, Wisconsin, and Louisiana. He will attempt to sell his proposal to leaders on next Wednesday.
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