Tags: Clinton | Trump | Infrastructure | Spending | Boost

Clinton, Trump to Give Infrastructure Spending a Boost

Image: Clinton, Trump to Give Infrastructure Spending a Boost

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By    |   Tuesday, 27 Sep 2016 08:02 AM

After the highly-charged first round of presidential debates, one thing that is evident from both Hillary Clinton and Donald Trump's arguments is that both are willing to spend more on infrastructure, according to The Hill.

While both the presidential nominees promised massive investments in country's infrastructure, transportation advocates see more and improved roads, rails and bridges coming up across the country.

However, the plans might sound concrete but chances of it garnering support in Congress are unpredictable.

"There's very strong support in the realization that infrastructure is a federal responsibility," chairman of the Appropriations Subcommittee on transportation Rep. Mario Díaz-Balart said, reports The Hill.

"But here's the sticking point, the 800-pound gorilla: How do you pay for it?"

Within her first 100 days as president, Clinton has promised to put forward a proposal regarding infrastructure as part of her job-creation plan.

"Sec. Clinton has been unequivocal: She believes that these investments in our future simply cannot wait," a spokesperson for Clinton's campaign said in a statement. "She has vowed to work tirelessly to break through any Washington gridlock she faces to fulfill this promise."

Following the statement, president of the Transportation Trades Department, Ed Wytkind said, "She's committed to make it a 100 day priority, which is very unusual. We've never seen that by a candidate for president."

According to the Clinton's website, the Democrat's five-year plan includes $250 billion in direct spending on new and improved infrastructure apart from reauthorizing a Build America Bonds program to help finance the rebuilding America's roads and bridges.

It also lays focus on eliminating red tapism, which is known to be a major roadblock for construction projects.

The Democrat nominee also hopes to have a $25 billion national infrastructure bank which would provide low-interest loans and other financial assistance to encourage investors to back national infrastructure projects.

"What she's proposing is a very realistic number," said Rep. Peter DeFazio, D-Ore., who is also a member on the Transportation and Infrastructure Committee. "We could very efficiently spend an extra $275 billion."

Trump, on the other hand, lays more focus on the country's "third-world" airports, saying America was behind China and Dubai.

Last month at the Detroit Economic Club, the Republican nominee promised to "build the next generation of roads, bridges, railways, tunnels, sea ports and airports."

The billionaire businessman has vowed to double Clinton's $275 billion proposal, bringing his plan to over a half-trillion dollars.

Though Trump intends to introduce infrastructure bonds, he is yet to lay out a specific policy proposal. He, however, suggested that "people, investors and citizens" would put money into the fund.

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After the highly-charged first round of presidential debates, one thing that is evident from both Hillary Clinton and Donald Trump's arguments is that both are willing to spend more on infrastructure...
Clinton, Trump, Infrastructure, Spending, Boost
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2016-02-27
Tuesday, 27 Sep 2016 08:02 AM
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