President-elect Donald Trump’s plan to invest in the country’s infrastructure is drawing support from the highest reaches of the American Council of Engineering Companies.
In a recent letter, ACEC President and CEO David A. Raymond pledged the organization’s support and recommended a policy course that he believes would make the Trump presidency a good one for the engineering industry.
Raymond applauded Trump’s infrastructure plans, recommending that the plan include both private and public investment by expanding government programs to create more public-private partnerships. And to boost funding for the public projects, Raymond urged Trump to take a look at the gas tax, which has not been updated in 20 years.
With American firms paying some of the taxes in the world, tax cuts are an important agenda item for Raymond. The ACEC president called on Trump to take “a balanced and comprehensive approach to tax reform” that lowers tax rates and ensures all businesses pay the same rates. In the energy sector, Raymond recommends tapping all American energy resources including oil, gas, nuclear and renewable sources and streamlining the excessive regulations imposed on the energy industry.
“Our private sector can be expected to make hundreds of billions of dolalrs in energy investments across a wide range of exploration, generation and distribution sectors — but only if regulatory processes are streamlined,” Raymond wrote.
Elsewhere in the regulatory arena, Raymond slammed the Department of Labor’s so-called “blacklisting” and “sick time” rules, as well as a recent revision to the overtime rule, which he called “unjustifiably high.”
Taken together, these policies would restore America’s economic competitiveness, Raymond said.