Trump’s big infrastructure plan? It’s a trap.

[Commentary] As the White House official responsible for overseeing implementation of President Barack Obama’s massive infrastructure initiative, the 2009 Recovery Act, I’ve got a simple message for Democrats who are embracing President-elect Donald Trump’s infrastructure plan: Don’t do it. It’s a trap.

Backing Trump’s plan is a mistake in policy and political judgment they will regret, as did their Democratic predecessors who voted for Ronald Reagan’s tax cuts in 1981 and George W. Bush’s cuts in 2001. First, Trump’s plan is not really an infrastructure plan. It’s a tax-cut plan for utility-industry and construction-sector investors, and a massive corporate welfare plan for contractors. Moreover, as others have noted, desperately needed infrastructure projects that are not attractive to private investors — municipal water-system overhauls, repairs of existing roads, replacement of bridges that do not charge tolls — get no help from Trump’s plan. And contractors? Well, they get a “10 percent pretax profit margin,” according to the plan. Combined with Trump’s sweeping business tax break, this would represent a stunning $85 billion after-tax profit for contractors — underwritten by the taxpayers. Second, as a result of the above, Trump’s plan isn’t really a jobs plan, either. Third, because there is no proposed funding mechanism for Trump’s tax breaks, they will add to the deficit — perhaps as much as $137 billion. Thus, Democrats should know that every dollar spent on the Trump tax scheme to enrich construction investors and contractors is a dollar that will later be cut from schools, hospitals and seniors. Fourth, if the Republican approach to the Recovery Act is any indication, the Trump plan will come chock-full of policy changes that undermine core Democratic principles.

[Klain served as assistant to President Obama and oversaw the team implementing the American Recovery and Renewal Act from 2009-2011. He was an adviser to Hillary Clinton in the 2016 campaign.]