Earlier this month the Trump administration released a proposal for the 2018 federal budget. Included in this budget was a $1 trillion infrastructure plan designed to focus on private investment.
In an article from Construction Dive, author Kim Slowey writes, “For the construction industry…Trump’s plan delivered both good and bad news”. Chief economist for the Associated General Contractors of America Ken Simonson stated, “We are still optimistic that Congress will pay attention to the pleas of our industry and others”.
In this article, Slowey discusses the budget:
- The focuses on infrastructure and private investment
- A shift to the states and reduced regulation
- Concerns regarding worker training programs
- What is next in the federal infrastructure conversation
Thomas Rosenberg, attorney partner at Roetzel & Andress believes, “[The budget is] very good for the construction industry”. He continued, “Setting aside politics, it’s a commitment by the administration to address [continuing] infrastructure needs”. How do you think the construction industry will be impacted by the new proposed federal budget?
To read more, see the full article from Kim Slowey in Construction Dive.