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Trump Sends His Infrastructure Plan to Skeptical Congress

  • Infrastructure proposal seen kicking off hard sell to Congress
  • 53-page report details plan to spur $1.5 trillion in spending
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Bloomberg’s Kevin Cirilli reports on President Trump’s 53-page infrastructure plan.(Source: Bloomberg)
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President Donald Trump Monday released his long-awaited proposal to upgrade roads, airports and other public works, kicking off what will likely be a tough sell in Congress with Democrats saying the plan falls short and Republicans wary of another big spending measure.

The 53-page document details how Trump plans to stimulate at least $1.5 trillion in new investment, shorten project permitting time to two years, invest in rural projects and improve worker training. The newest elements of the proposal include expanding the use of tax-exempt debt, letting states add tolls on interstates and making it easier to lease airports and other public assets.