The Trump administration is signaling that it may be willing to tackle an infrastructure plan following its success in pushing forward its tax plan this month. Moves for increases in infrastructure spending, unlike the GOP attempts at tax reform, have been supported by several Democrats and may have a chance to receive bipartisan support.
Trump may announce his plans for infrastructure in his upcoming State of the Union speech in 2018.
The infrastructure plan may cost upwards of $1 trillion, but will not all come out the federal treasury. A portion will be paid by the federal government, while state and local governments, along with private companies and investors, will also contribute to the projects laid out in any plan.
Increases in infrastructure spending have long been the goal of numerous politicians, Republicans and Democrats alike, with projects including new roads, bridges, terminals, etc. However, concerns over increases to the national debt (already an issue with the recently passed tax bill) could pose an issue, especially with Republicans.
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