A waterways industry organization would like to see some of President Trump’s proposed $1-trillion, 10-year infrastructure investment plan go for replacing decades-old river locks, but the group, Waterways Council Inc. (WCI), strongly opposes another administration proposal, levying a new tax on barge companies.
Speaking to reporters at a Washington, D.C., briefing on June 1, WCI President and CEO Michael Toohey said the group proposes to use some of Trump’s envisioned infrastructure dollars to help fund 25 projects, totaling $8.7 billion over 10 years. Under WCI’s proposal, 75% of the $8.7 billion would come from the Trump initiative and could be generated from having U.S. companies repatriate overseas income.