DONALD J. TRUMP’S VISION for Americas infrastructure
by Donald J. Trump President-elect of the United States.
AMERICA, U.S.A. — Repairing and rebuilding Americas Infrastructure is a top priority. It will bring new jobs all across our Great Nation. Construction companies and workers will have work again. And the United States will benefit from the new projects.
- Transform America’s crumbling infrastructure into a golden opportunity for accelerated economic growth and more rapid productivity gains with a deficit-neutral plan targeting substantial new infrastructure investments.
- Pursue an “America’s Infrastructure First” policy that supports investments in transportation, clean water, a modern and reliable electricity grid, telecommunications, security infrastructure, and other pressing domestic infrastructure needs.
- Refocus government spending on American infrastructure and away from the Obama-Clinton globalization agenda.
- Provide maximum flexibility to the states.
- Create thousands of new jobs in construction, steel manufacturing, and other sectors to build the transportation, water, telecommunications and energy infrastructure needed to enable new economic development in the U.S., all of which will generate new tax revenues.
- Put American steel made by American workers into the backbone of Americas infrastructure.
- Leverage new revenues and work with financing authorities, public-private partnerships, and other prudent funding opportunities.
- Harness market forces to help attract new private infrastructure investments through a deficit-neutral system of infrastructure tax credits.
- Implement a bold, visionary plan for a cost-effective system of roads, bridges, tunnels, airports, railroads, ports and waterways, and pipelines in the proud tradition of President Dwight D. Eisenhower, who championed the interstate highway system.
- Link increases in spending to reforms that streamline permitting and approvals, improve the project delivery system and cut wasteful spending on boondoggles.
- Employ incentive-based contracting to ensure projects are on time and meeting the budget.
- Approve private sector energy infrastructure projects—including pipelines and coal export facilities—to better connect American coal and shale energy production with markets and consumers.
- Work with Congress to modernize our airports and air traffic control systems, end long wait times, and reform the FAA and TSA, while also ensuring that American travelers are safe from terrorism and other threats.
- Incorporate new technologies and innovations into our national transportation systems such as state-of-the-art pipelines, advancements in maritime commerce, and the next generation of vehicles.
- Make clean water a high priority. Develop a long-term water infrastructure plan with city, state and federal leaders to upgrade aging water systems. Triple funding for state revolving loan fund programs to help states and local governments upgrade critical drinking water and wastewater infrastructure.
- Link increased investments with positive reforms to infrastructure programs that reduce waste and cut costs. Complete projects faster and at lower cost through significant regulatory reform and ending needless red-tape.
Crumbling Americas infrastructure KEY ISSUES
- Infrastructure investment strengthens our economic platform, makes America more competitive, creates millions of jobs, increases wages for American workers, and reduces the costs of goods and services for American consumers.
- America’s infrastructure is a linchpin of private sector growth but, today, much of our infrastructure is crumbling.
- More than 60,000 bridges are considered “structurally deficient.” Traffic delays cost the U.S. economy more than $50 billion annually. Most major roads are rated as “less than good condition.” (see graph above)
- An investigation this year by USA Today “identified almost 2,000 additional water systems spanning all 50 states where testing has shown excessive levels of lead contamination over the past four years.” This included 350 systems that supplied drinking water to schools or day care facilities.
- According to the National Association of Manufacturers (NAM), without major improvements to our transportation systems, “the United States will lose more than 2.5 million jobs by 2025” (NAM, Build To Win, 2016). NAM estimates a “ten-year funding gap” of approximately $1 trillion. The Trump Infrastructure Plan is aimed at achieving a target of investment to fill this gap. NAM also found that $8 billion in infrastructure tax credits would support $226 billion in infrastructure investment over 10 years. Innovative financing programs also provide a 10-to-1 return on investment.
- Under the failing Obama-Clinton policies, infrastructure projects across the U.S. are routinely delayed for years and years due to endless studies, layer-upon-layer of red-tape, bureaucracy, and lawsuits—with virtually no end in sight. This increases costs on taxpayers and blocks Americans from obtaining the kind of infrastructure that is needed for them to compete economically.
- According to the Wall Street Journal, “more than a dozen [energy infrastructure] projects, worth about $33 billion, have been either rejected by regulators or withdrawn by developers since 2012, with billions more tied up in projects still in regulatory limbo.” This includes coal and shale energy export facilities. Major pipelines are being blocked as well. As noted in the Wall Street Journal, blocking such projects “leaves some communities without access to lower-cost fuel and higher-paying jobs.”
CONTRAST WITH HILLARY CLINTON
- Hillary Clinton supported NAFTA, supported China’s entry into the World Trade Organization, and allowed China to run up $1 trillion in cumulative trade deficits with the United States as Secretary of State. When she sent American jobs overseas, she also sent our tax base that supports our infrastructure. She rebuilt foreign countries, while America’s infrastructure crumbled.
- With Hillary Clinton’s full support, the Obama Administration spent more than $840 billion in taxpayer dollars on the “stimulus” program, which they dishonestly sold to the American people on the basis that the money would go to “shovel-ready” infrastructure projects. Yet, only 1% of the stimulus was invested in our nation’s drinking water systems. Less than 5% overall actually went toward America’s infrastructure. Billions were wasted on giveaways to their political friends and cronies.
- Hillary Clinton proposes a massive $275 billion tax increase on American businesses to help fund an “infrastructure bank” that is controlled by politicians and bureaucrats in Washington DC.
- Her tax hikes will drive more businesses and jobs out of America, further hollowing out our industrial and manufacturing base.
- Since Hillary Clinton will do nothing meaningful to fix the broken permitting and regulatory bureaucracy, very little real progress or improvements to our nation’s infrastructure will ever take place. Hillary Clinton will also continue to block major infrastructure projects like the Keystone XL pipeline.
- Hillary Clinton supports “open trade and open borders” which places America’s transportation systems, financial systems, and economic systems at grave risk.
by Donald J. Trump President-elect of the United States.