Candidates Both Support Infrastructure Spending
Trump would double Clinton’s proposal, but details scarce
By Jennifer Barnett Reed Contributing Writer
There’s one thing Hillary Clinton
and Donald Trump agree on: The United States needs to spend more money in the coming years to rebuild its transportation infrastructure. A lot more money. Both candidates have recognized
the importance of infrastructure spend- ing to the national economy—both as a creator of good-paying construction jobs and as key to maintaining a fundamen- tal ingredient of American productivity. What they don’t agree on is exactly
how much money and where it should come from. In broad strokes, Clinton is pro-
posing to invest $275 billion in infra- structure projects over five years, paid for through reforms to business tax laws. In a reversal of Democrats’ and Republicans’ typical approaches to government spending, Trump has said he wants to spend at least twice that much. He’d pay for his plan with gov- ernment bonds.
DEMOCRATIC PLATFORM Clinton has described her plan in
detail on her campaign website, www.
hillaryclinton.com. Here are the main points of Clinton’s plan that she has pledged to bring to Congress during her first 100 days as president.
• Clinton would invest $275 billion over five years into infrastructure projects nationwide.
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• The plan would be paid for fully by business tax reform.
• Of that $275 billion, $250 billion would go directly to improve public infrastructure, including transporta- tion, energy and internet projects.
• The remaining $25 billion would be used to create a national infrastruc- ture bank, which would leverage those funds to support up to $225 million more in direct loans, loan guarantees and other forms of credit enhancement.
• Clinton would renew and expand the Build American Bonds program and seek out public-private partner- ships.
• One element of the plan is a nation- al freight investment program, focused on improving the networks
of rail, highways and ports that connect producers and consumers. Clinton’s plan will make “smart, coordinated investments” in rail, key highway corridors, port chan- nels, and intermodal transfer points. Specifically, she has committed to starting upgrades of the 25 most costly freight bottlenecks in her first term.
• Clinton has also promised to reform the infrastructure funding system itself, including removing restric- tions that limit funding to single types of transportation.
That $275 billion wouldn’t go
entirely to projects that would directly affect the trucking and supply chain industries. Although much of Clinton’s plan does address projects that affect the movement of goods, it also includes electrical grids and broadband Internet.
Issue 4 2016 | ARKANSAS TRUCKING REPORT
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