Trump is set to unveil his infrastructure plan Thursday, but many in the middle income class don’t think the billionaire real estate developer is making a great deal out of the investments.
Trump is set a Wednesday deadline to submit his plan to Congress, but his plan could hurt the typical middle class who would benefit from infrastructure spending.
A number of middle income voters have been working for months to get Trump’s infrastructure plan on their ballot this November, but the billionaire isn’t offering them any real specifics.
In an interview with Recode, Trump said he is “trying to get people to take a look at it,” and noted that it is unclear how much infrastructure spending would be included in his proposed plan.
“I think it’s going to have to be really good,” Trump said.
“If you look at a couple of things, and you really have to look at how we’re going to do this, it’s a very complicated thing.”
Trump has promised to build the country’s first trillion-dollar infrastructure project in the next three years.
The plan would create 2.2 million jobs and boost economic growth by more than 2 percent over the next 10 years.
It would also create over a trillion dollars in revenue and generate $1 trillion in tax revenue.
But Trump’s campaign has argued that the plan would be more costly than other investments, such as repairing roads and bridges.
“It’s going, but it’s also going to be very expensive,” Trump campaign manager Kellyanne Conway told Recode’s Kara Swisher.
“The real question is will we have the money?
And I think you’re going a long way to answering that question if you’re looking at it from a cost standpoint.”
Trump’s plan would also include a $1.3 trillion tax cut for the wealthy and corporations.
But the plan doesn’t include a detailed breakdown of how Trump plans to spend that money.
“There are a number of different ways that the money is going to come to be spent,” Conway said.
Trump said he would give priority to rebuilding bridges, roads and other infrastructure.
“We’re going back and forth on bridges, we’re talking about bridges all over the country,” Trump told Recoding.
“So the fact that we’re really going to look, again, at the money that we need to invest, and then figure out how we do that, is going, I think, to be a very big thing for me.”
Trump said the money he plans to invest will be focused on roads and transit.
“And we’re getting some really good deals with our transportation,” Trump added.
“We’re getting really good tax breaks for companies and for workers and for the middle-class.”
Trump would also allow the U.S. to impose tariffs on foreign goods that have been imported from countries that are not part of the TPP trade deal, such to China.
The president is also expected to propose a massive tax cut to the middle and working class, including an expansion of the Earned Income Tax Credit and the Child Tax Credit.
But he also is expected to increase tariffs on goods from countries such as India and Mexico that do not participate in the TPP, and to propose changes to the rules that currently allow American companies to bring their profits back to the United States.
Trump’s proposed tax plan has drawn the ire of Democratic presidential candidate Bernie Sanders and labor leaders.
The billionaire’s plan has also been criticized by the Congressional Black Caucus, which has accused the billionaire of taking advantage of working people.
Sanders has called Trump’s tax plan “insane” and a “gut-wrenching disaster for working people.”
Trump told RecODE he is focused on “our country’s middle class.”
“The middle class has been hit hard by a lot of this economic chaos,” Trump continued.
“And so we’re trying to make sure that we do everything we can to rebuild our middle class.
And I’m really trying to do that in a way that makes the economy grow, but I also want to make certain that I do it in a fair way.”