A new report from a conservative think tank, the Center for Responsive Politics, found that the Trump administration’s plan to make more than half of the nation’s commerce shipping by rail will have a far less impact on commerce than originally planned.
The report found that shipping by road and rail is far more efficient, and it found that Trump administration officials had used their “alpha commerce” status to avoid a public backlash for the project.
The plan to get shipping by train was a major topic of discussion on Capitol Hill last week, as lawmakers demanded more details about the rail project.
On Tuesday, Commerce Secretary Wilbur Ross told lawmakers that the White House had spent more than $500 million on the rail line.
“This is one of the fastest-moving, most efficient ways to get goods across the country,” he said.
“We can go from a rail station to a customer’s home with less than 10 minutes, and the freight rates are much lower.”
The rail plan will also create thousands of jobs in the United States, according to the report.
Trump administration has long pushed to boost U.S. freight rates.
In a recent memo to Trump’s team, Secretary of Commerce Wilbur L. Ross wrote that “there is a need to provide more certainty to the American public regarding freight rates” and to “reward American companies and investors with more predictable freight rates.”
However, the report from the Center on Budget and Policy Priorities found that this could take years.
The rail project would require a federal infrastructure bank to be created, which is an independent agency that is not subject to federal regulation.
The group’s report also found that, although the rail program would have created 1.2 million jobs, the plan would have cost the U.K. Treasury more than £400 million, while the U:S.
Treasury would have paid for a much smaller project.
“The rail program will be a huge, costly undertaking for the U, S. and U.N. It will take years for the rail infrastructure bank, and even longer for the American economy,” said David H. Rosen, the lead author of the report and a fellow at the Center.
“It is likely that this will be delayed for years, and likely to be cancelled in a future Congress.”
The report also said that the rail projects could “have unintended economic consequences that could have significant consequences for U. S. trade with other countries, including the effects on global trade and global financial markets.”
Trump has said that he wants to see the rail and freight projects complete by 2025.