Trump budget aims to jump-start construction, cut red tape
President Trump is calling to pump $1.5 trillion into fixing America's infrastructure while streamlining the often-cumbersome permitting process, as part of a $4 trillion-plus budget plan unveiled Monday.
?Washington will no longer be a roadblock to progress. Washington will now be your partner," Trump said at a meeting with state and local officials at the White House.
In the runup to the release, the president also tweeted: "This will be a big week for Infrastructure. After so stupidly spending $7 trillion in the Middle East, it is now time to start investing in OUR Country!"
Unlike last year's plan, the fiscal 2019 blueprint does not seek to balance the budget over the next decade. Combined with a newly passed spending deal and sweeping tax cuts, the budget would see the federal deficit once again rising past $1 trillion in the near-term.
The infrastructure component, however, would not necessarily be a huge driver of Washington's red ink.
Under the plan, $200 billion of the $1.5 trillion in proposed spending would be federal dollars, which a senior administration official said would come from "reductions in other areas of the budget." The plan calls on state and local governments and the private sector to put up most of the funding. The federal funding would be used to match local spending, provide "incentives? and expand loan programs.
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