An Outlook on Infrastructure

“We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals,” Donald Trump said. “We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.”  

There’s reason to be optimistic.  The President-elect made a number of strong campaign promises to the American people, one in particular caught our attention: his commitment to a sizable increase in our country’s infrastructure investment.  Throughout his campaign, President-elect Donald Trump proposed spending up to $1 trillion during the next decade to make America’s infrastructure “second to none” and even repeated the promise earlier this month in his victory speech. Members of Congress have also shown a willingness to prioritize America’s infrastructure – in ways that bring greater economic returns than the stimulus plan six years ago.

This commitment is shared by manufacturers across the country.  The NAM’s Building to Win blueprint for the new Administration and Congress estimates that addressing our ten-year funding gap will cost more than one trillion dollars.  Additionally, the new Administration and Congress must improve regulatory and fiscal policies to incentivize increased levels of private investment in modernizing water and energy pipelines, railways and electricity systems.

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