U.S. industry applauds Trump’s infrastructure plan

Abstract

Chemical companies are welcoming President Donald J. Trump’s long-awaited $1.5 trillion plan to rebuild aging U.S. infrastructure systems. “Building and repairing the nation’s network of roads, rails, and waterways will create jobs and strengthen America’s efficiency and, by extension, our economy for generations,” Dow Chemical says in a statement. “Dow and the chemical industry, as well as countless U.S. workers and citizens, will benefit from the President’s proposal to invest in our infrastructure.” The framework, released on Feb. 12, seeks congressional approval for $200 billion in direct federal funding. The administration expects the federal allocation will draw matching funds from cities, states, and the private sector, resulting in a $1.5 trillion total investment in repairs and new construction. In recent years, states have assumed a greater share of public infrastructure spending, and the White House wants to accelerate that trend. Modernizing and repairing the nation’s transportation infrastructure is critical for