Senate Democrats intend to reveal a $1 trillion infrastructure spending plan and back President Donald Trump if he supports it, according to The New York Times.
The proposal will be presented by Senate Minority Leader Chuck Schumer, who will argue that communities across America are struggling with “aging infrastructure” that needs repair, according to The Times.
While Trump campaigned for president, he also promised $1 trillion in infrastructure spending.
Trump’s plan was part of his “America First” vision – in this case, it prioritized spending on American highways, bridges, and airports over “the Obama-Clinton globalization agenda.” The plan did not call for an increase in taxes that could help fund the projects. It promised tax credits to private companies that would provide financing, and it expected that jobs created through the developments would generate new tax revenues.
Both parties agree on the need for more infrastructure spending. But during President Barack Obama’s term, Republicans pushed back on bigger government spending that would have driven up the federal deficit. It’s still unclear how much support congressional Republicans would throw behind a wider deficit, and how they would respond to the counterproposal from the Democrats.
As The Times noted, the Congressional Budget Office will update its budget outlook on Tuesday morning. It’s expected to signal an expansion in the federal deficit if the growth of programs for healthcare and Social Security services is not contained.