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Trump and Democratic leaders agree to spend $2 trillion on U.S. infrastructure

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Christian Fernsby ▼ | May 1, 2019
President Donald Trump and Democratic leaders agreed to spend $2 trillion on U.S. roads, bridges, power grids, water and broadband infrastructure.
Larry Kudlow
America   Larry Kudlow
The two sides met at the White House and described their discussion in positive terms, but the air of bipartisan cooperation may not last long.

Republicans are not willing to roll back tax cuts from Trump's 2017 tax reform legislation, an idea Democrats who largely opposed that measure have floated as a way of financing the infrastructure plans.

Trump has not decided whether he would support an increase in fuel taxes to fund infrastructure projects, according to his top economic adviser, Larry Kudlow.

Still, the meeting between Trump, House of Representatives Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer contrasted with previous, more heated discussions on immigration and border security.

"We just had a very productive meeting with the president of the United States," Pelosi told reporters at the White House after it concluded. "We did come to one agreement: That the agreement would be big and bold."

Schumer said Trump was eager to have a meaty number on the bill.

"We agreed on a number, which was very, very good $2 trillion for infrastructure. Originally we had started with a lower even the president was eager to push it up to $2 trillion," Schumer said.

The White House called the meeting "excellent and productive" and said another one would take place in three weeks.

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