President Donald Trump’s proposal to build a million more manufacturing jobs by 2026 has become a costly endeavor, but not for the taxpayers.
The president’s new plan would cost $2.4 trillion over the next decade, according to a study by the nonpartisan Congressional Budget Office (CBO).
The total cost of the project, which would create more than 2 million manufacturing jobs, is $2,974 billion.
That means taxpayers would pay about $1,000 for every $1 spent on manufacturing, the CBO found.
The cost would be borne by the American economy in lost manufacturing jobs.
But it would be offset by economic gains from increased production and exports.
In fact, the study found that the manufacturing sector would grow 4 percent under the plan.
It is an even bigger boost to the economy if manufacturing were to grow by 10 percent.
That would be equivalent to a 10 percent increase in gross domestic product, the report found.
Manufacturing workers are well paid, and the majority of them would be hired by companies with lower labor costs.
The plan is intended to create jobs that would be hard to replace.
The White House has been trying to make the plan work by offering incentives to companies to hire workers and pay higher wages.
But the Trump administration has been unwilling to offer the incentives without the spending plan in place, which the administration has resisted, saying it would lead to job losses.
The administration’s economic team has been negotiating with industry groups and Congressional leaders, but has been unable to get the White House to agree to pay-as-you-go spending levels.
If Trump wants to make it work, he needs to offer incentives and pay-up-front costs upfront.
A bill to provide tax breaks for businesses with manufacturing operations has been in the works for months.
But that effort has been delayed as Trump has focused on tax reform and other priorities.
Under Trump’s new strategy, manufacturing would get the benefit of tax breaks and tax credits, as well as an extension of the Temporary Assistance for Needy Families program, which provides temporary assistance to families who lose their jobs.
In addition, Trump is proposing to allow manufacturers to write off the costs of capital improvements on their existing plants.
It’s unclear whether the new plan will create jobs.
The CBO report estimated that the economic benefits would outweigh the cost.
Manufacturing jobs are growing more rapidly than other industries, and many of them have more than a dozen or so employees.
The report said the manufacturing jobs would grow by 4 percent a year from 2021 to 2026.
The nonpartisan Congressional Research Service estimated in November that manufacturing would grow 1.2 percent a decade, adding $1.1 trillion to the nation’s economy.
The Trump administration estimates that the cost of this project would be about $200 billion over the life of the plan, which includes the tax breaks.
That figure is more than double the $150 billion cost of building a new Boeing 747 airliner.
The total economic impact of the proposed plan is less than 1 percent, the CRS report said.