A long-term funding plan to modernize America’s infrastructure has been extensively talked about in political circles. This election, it’s not different.
A recent CBS article says that Donald Trump and Hillary Clinton agree on this topic; that roads, bridges, airports and other US structural assets are in bad condition. Both Trump and Clinton argue that the country’s rundown roads, bridges and airports need rebuilding. And, both candidates say infrastructure programs will create new jobs.
Clinton’s idea is a five-year plan that calls for about $300 billion in direct spending on roads and bridges and another $25 billion for an infrastructure bank. She plans to pay for the plan from corporate tax reform, including a chance for companies to banish overseas profits. Trump wants to spend $1 trillion on a variety of infrastructure projects over 10 years, if elected. According to Yahoo Finance, $167 billion of the $1 trillion investment would be equity investment, while the rest would be raised by private partners.