Mayor Soglin slams President's infrastructure plan - WKOW 27: Madison, WI Breaking News, Weather and Sports

Mayor Soglin slams President's infrastructure plan

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MADISON (WKOW) -- Madison Mayor Paul Soglin is calling out the President for his recently proposed infrastructure plan.

President Donald Trump unveiled his plan to fix the nation's infrastructure Monday. The proposal calls for $200 billion in new federal funds that the administration anticipates will “stimulate $1.5 trillion in new investment in infrastructure,” with states, local governments and private partnerships expected to bear the brunt of the financial burden for achieving one of the president’s key campaign promises.

Describing how $1.5 trillion in new investment would be generated out of just $200 billion in federal funds, an administration official said that $100 billion of the money will go towards incentives for state and local governments to use in starting up infrastructure projects. $20 billion will go towards expanding loan programs and private activity bonds. $50 billion will be directed towards improvements solely in rural infrastructure in the form of block grants to state governors, allowing them to select what projects to direct the funding towards. Another $20 billion will go to “transformative programs,” or infrastructure projects rooted in promoting new or innovative ideas. The final $10 billion will go towards a “capital financing fund” that will fund office-building infrastructure the federal government is already building.

Many, including Soglin, say because the proposal calls for spreading the cost and having the federal government pay less, the plan is bad for rebuilding the nation.

"When I look at some of the great needs in our community, such as the funding for our transportation system, and the bus facilities and new buses, despite the fact that there's public demand, public need, we are not likely to see a solution," said Soglin during a news conference Tuesday.

Last week, House Democrats released “A Better Deal to Rebuild America” infrastructure plan that is five times bigger than President Trump’s proposal.

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