As part of its full 2018 budget proposal, the Trump administration has revealed a few long-awaited details of its $1 trillion infrastructure plan, according to The Hill.
The budget calls for $200 billion in direct federal spending over 10 years — a move that the administration said would spur $1 trillion of investments — as well as lifting the cap on private activity bonds, allowing states to increase tolling, cutting regulations and streamlining environmental review processes.
The budget request also calls for a 13% funding reduction for Department of Transportation programs and would either cut or shrink the Federal Transit Administration’s Capital Investment program, spending on long-distance Amtrak service, a Federal Aviation Administration program benefiting small airports and Transportation Investment Generating Economic Recovery (TIGER) grants.
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