By Krish Damany
A recent CNBC article by John W. Schoen, “Trump infrastructure plan comes up $1 trillion short of its funding goal, analysis finds”, discusses the President’s newly proposed infrastructure plan. Analysis by PWBM shows that the plan will fall more than $1 trillion short of its investment goal.
President Trump’s plan is to leverage $200 billion of federal spending for a total of $1.5 trillion of spending by federal, state and local governments and the private sector. PWBM finds that infrastructure investment across all levels of government, including partnerships with the private sector, would increase between $20 billion to $230 billion, including the $200 billion federal investment. The plan falls short of its goals because $150 billion of the federal money will go to types of programs that haven’t induced very much new infrastructure investment by state and local governments in the past.