In an effort to demonstrate his plans to deregulate the infrastructure process, Trump presented several feet of visual aid<\/b>
Last Updated Apr 4, 2017 2:05 PM EDT
This morning, President Trump hosted a town hall with several CEOs to discuss his plans to deregulate business.
\u201cWe\u2019re going to cut a lot of red tape,\u201d Mr. Trump told an audience of America\u2019s top executives.
To show CEOs what he meant, the president invited National Economic Council Director Gary Cohn to the stage, where he unfurled a long, colorful flow chart representing the process required for a state government to obtain the federal permits necessary to build a highway — not including the steps specific to individual state regulations.
\u201cSixteen different approvals, 29 different statutes, 5 different executive orders that all apply to this process,\u201d the former COO and President of Goldman Sachs said, the chart extending beyond his feet.
\u201cYou start up here,\u201d Trump said, gesturing to the top of the chart. \u201cThis is anywhere from a 10- to a 20-year process,\u201d he added, explaining that the process costs \u201chundreds of millions of dollars.\u201d
According to the American Road and Transportation Builders Association , constructing a two-lane highway in rural areas can cost up to roughly $3 million per mile, and up to $5 million per mile in urban areas.
Mr. Trump repeatedly promised to revitalize America\u2019s infrastructure during his presidential campaign, and he\u2019s repeated it often since he took office.
In February, Commerce Secretary Wilbur Ross and Head of the National Trade Council Peter Navarro recommended that the government allocate $137 billion in tax credits for private investors working on infrastructure projects. The Ross-Navarro team estimates that these credits could spur investments of $1 trillion over the next decade.
President Trump visualized his plans to deregulate infrastructure processes at the North America’s Building Trades Unions (NABTU) National Legisl…
Later Tuesday, Trump brought back the same chart at the \u201cNorth America\u2019s Building Trades Unions (NABTU) National Legislative Conference\u201d in Washington, D. C., pointing out, \u201cWe\u2019re getting rid of many of these regulations,\u201d he later added.
The phrase \u201cfake news\u201d has been used by Trump to discredit responsible reporting that he dislikes. But \u00ab\u00a060 Minutes\u2019\u00a0\u00bb investigation looks at truly fake news created by con-artists
Just how many almonds does he really eat, anyway?<\/p>\n

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