President Donald Trump said his much-hyped infrastructure plan will likely have to wait until after This kind of year’s midterm elections.
Ironically, Trump made the remark at an event which was intended to push his infrastructure plan, which would likely include $0 billion in federal funding meant to encourage $1.5 trillion in overall investment through states, municipalities as well as private entities.
Trump’s take lined up with what the White House has been saying. A senior administration official, who declined to be named, told reporters which “what we can’t get This kind of year” on infrastructure “we’ll do next year.” The president, the official said, is actually from the item “for the long haul.”
Trump made repairing America’s aging infrastructure a key part of his populist pitch to voters during the campaign. He has also reportedly expressed his displeasure with the idea of public-private partnerships, which make up a key part of his infrastructure proposal.
Some critics say Trump’s plan would likely come up dramatically short of its goals. An analysis through the University of Pennsylvania’s Wharton School, Trump’s alma mater, said the plan would likely fall more than $1 trillion short of the investment the item would likely need.
On Thursday, Trump blamed Democrats for not getting his infrastructure plan off the ground. He said which Democrats are saying, “Don’t give him anymore wins” before the midterm elections. Trump’s Republican Party controls both the House as well as the Senate.
Democrats are widely considered to have an edge over Republicans from the contest for majority rule from the House of Representatives, with polls showing the Democratic Party ahead on so-called generic ballots. The GOP, however, is actually required to hang on to the Senate as several Democrats through states Trump won are up for re-election.
CNBC’s Mary Catherine Wellons contributed to This kind of report.