Support for Trump's Infrastructure Investment Plan - Global Trade Magazine
  December 1st, 2016 | Written by

Support for Trump’s Infrastructure Investment Plan

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  • Building America’s Future pledged to work with Trump administration on infrastructure.
  • Dozens of local ballot initiatives sought to increase revenue or funding for transportation infrastructure.
  • “The decaying state of our infrastructure has hurt our nation, dampening our quality of life and our economic growth.”

Marcia Hale, President of Building America’s Future, congratulated President-elect Donald Trump, and expressed the organization’s commitment to work with him on improving the nation’s roads, bridges, rails and transit.

She also noted the success of dozens of local ballot initiatives around the country that sought to increase revenue or funding for transportation infrastructure.

“The decaying state of our infrastructure has hurt our nation, dampening our quality of life and our economic growth for too long,” said Hale. “We applaud President-elect Donald Trump’s focus on the importance of rebuilding our roads, rails and bridges in his victory speech, a topic that enjoyed deep bipartisan support during the campaign.”

Trump will put forward a $1-trillion, ten-year program for infrastructure development and has pledged to advance the plan in his first 100 days in office. The plan will offer substantial tax credits to incentivize private-sector equity participation in the projects.

“As the data has unequivocally shown, investments in infrastructure serves as a powerful economic engine that creates jobs and promotes economic competitiveness,” Hale added. “At Building America’s Future, we have advocated for a long-term infrastructure plan to update and modernize our infrastructure. We stand ready to work with the Trump administration and the new Congress to tackle this unifying issue in the first 100 days.”

Hale also commented on the $250 billion that was on the line in state and local ballot initiatives supporting transportation. “Once again voters have demonstrated their willingness to tax themselves if it means that the revenue would go towards improving roads and transit services in their communities,” she said. “But states and localities cannot go it alone. They need a strong federal partner and America needs a long-term plan.”