(Julio Cortez/AP)President Trump is overselling the financial impact of his proposed $1.5 trillion infrastructure plan by about $1.3 trillion, according to economists at the University of Pennsylvania’s Wharton School. The White House said the other $1.3 trillion would come from new state, local and private spending unleashed by its spending plan. “The author of the study clearly failed to read the President’s framework,” a White House spokeswoman said in an email. White House officials have also floated raising money for the plan by increasing tolls or other user fees. [Mixed signals on infrastructure plan emerge from Trump retreat]But banking on states to come up with the rest of the cash is also an imperfect solution, economists said.

Source: Washington Post February 23, 2018 19:08 UTC