DONALD TRUMP’S pledge to spend $1 trillion on infrastructure projects has fired the hopes of some progressives–such as Bernie Sanders–that the incoming Trump administration might do something positive to stimulate the U.S. economy and create jobs. But there’s much less to Trump’s plan than meets the eye, even according to mainstream economists. The issue, to be sure, isn’t that America’s infrastructure doesn’t desperately need an upgrade. The estimated cost of repairs to existing U.S. infrastructure would cost three times what Trump proposes to spend. But Trump’s proposal to finance the program by using tax credits to forge partnerships between private corporations and government entities has a dismal track record.
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