Trump’s Call for Infrastructure Investment

Source: AGC of America Highway Facts Bulletin

President-elect Donald Trump highlighted investment in transportation and other infrastructure as a top priority in his victory speech on election night, renewing one of his consistent campaign themes. Trump said, “We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals. We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.” During the campaign, Trump called for infrastructure investments in the range of $1 trillion over 10 year and released a plan that calls for tax credits to spur private investment to finance the imitative. Congressional action will be needed to implement any infrastructure plan proposed by the new Administration.

Several weeks ago AGC, along with other leading business, labor, transportation and travel organizations, sent a letter to the Trump campaign asking them to address the long-term solvency of the Highway Trust Fund as a part of any new infrastructure proposal.  The letter was signed by 34 organizations that included many transportation and construction groups, along with the U.S. Chamber of Commerce, National Association of Manufacturers, National Retail Federation, U.S Travel and the Retail Industry Leaders of North America. The support of the broader business community is integral in building support for a Highway Trust Fund fix.

AGC has provided information and suggestions for infrastructure investment to the Trump transition team and plans future meetings to discuss ideas.