Trump, as you might have noticed during this long, emotionally torturous campaign, likes to wax poetic about America's collapsing bridges and “third-world” airports, and he has vowed to fix up the country
by doubling Hillary Clinton's proposed spending on infrastructure. At the same time, he’s also promised to pass gargantuan tax cuts while limiting the budget deficit.
This has all raised an obvious question: How, exactly, does America’s angriest clementine plan to pay for all of this building? I mean, Mexico isn't going to cover the wall
and repairs to I-95, is it?
Thankfully, we now have an answer from two of Trump's chief economic advisers. In
a report from Oct. 27, University of California–Irvine professor Peter Navarro and private equity honcho Wilbur Ross outlined how the candidate would transform about $167 billion of federal tax credits into $1 trillion of infrastructure spending. Factor in the effects of economic growth, they argued, and the cost to taxpayers would amount to
zero, zilch, nada. Or, as they put it, the whole thing would be “budget neutral.”