Trump-O-Meter

Invest $550 billion in infrastructure and create an infrastructure fund

 "The Trump Administration seeks to invest $550 billion to ensure we can export our goods and move our people faster and safer."


PolitiFact is tracking the promises of President Donald Trump. See them all at PolitiFact.com.

Updates

A wheel loader scoops debris from the Seminary Road overpass being demolished above Interstate 395 during a Virginia Department of Transportation project in Alexandria, Va., in 2015. (Bloomberg/Andrew Harrer)
A wheel loader scoops debris from the Seminary Road overpass being demolished above Interstate 395 during a Virginia Department of Transportation project in Alexandria, Va., in 2015. (Bloomberg/Andrew Harrer)

White House budget gives rough outline of Trump infrastructure plan

On the campaign trail, President Donald Trump pledged to invest $500 billion in infrastructure. His first annual White House budget calls for $1 trillion.

The budget document, released May 23, says the White House intends to meet this $1 trillion goal through "new Federal funding, incentivized non-Federal funding, and expedited projects that would not have happened but for the Administration's involvement (for example, the Keystone XL Pipeline)."

This means the administration wants to spend about $200 billion over 10 years that it believes will, in turn, spur private investment.

A fact sheet attached to the budget says the government could incentivize more private and local investment by, for example, expanding a program that provides credit and financing for infrastructure projects and lifting restrictions on highway tolls.

The budget also calls for eliminating regulations that the White House views as burdensome to accomplishing major infrastructure projects.

Since Trump's election, some Democrats have expressed willingness to work with Trump on an infrastructure spending plan. But Senate Democrats blasted his budget for actually cutting more than $200 billion from existing infrastructure programs, such as major cuts to Amtrak.

The White House budget is only a proposal, and it doesn't contain much detail. Congress would have to pass legislation for Trump's infrastructure plan to become reality.

The document reflects Trump's policy priorities, though, and so we rate his promise to invest $550 billion in infrastructure In the Works.

Sources:

 White House Office of Management and Budget, "A New Foundation For American Greatness Fiscal Year 2018," May 23, 2017

White House, "Off-camera Briefing of the FY18 Budget by Office of Management and Budget Director Mick Mulvaney," May 22, 2017

White House, "Press Briefing on the FY2018 Budget," May 23, 2017

White House, "Fact Sheet: 2018 budget infrastructure initiative," May 23, 2017