While the Trump administration claims that its infrastructure plan will spur huge investment in America’s roads, bridges, and other public assets, the president’s FY2019 budget reveals the cold, hard truth: Trump aims to cut federal support for infrastructure by $280 billion, while his plan calls for spending $200 billion. This works out to a cut of $1.40 for every $1 of proposed expenditure.
But there’s more: Trump’s plan encourages state and local governments to turn over critical public assets, including highways, airports, and water systems to Wall Street and global corporations. These investors would then seek to extract high profits by charging tolls, taxes, and other user fees that would fall disproportionately on working and middle class families.
This fact sheet explains how Trump’s infrastructure plan incentives the privatization of America’s infrastructure.
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