Lutnick and 'Wall Street Journal' Tout BEAD Savings
NTIA’s reshaping of the BEAD program “illustrates how the Biden combination of spending and regulation created market distortions and raised costs,” said the Wall Street Journal editorial board in an op-ed Sunday. “It would be better if Congress let markets allocate capital, but the Trump Administration is ensuring taxpayer funds are spent in a more cost-effective way that does less economic harm.”
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The op-ed, titled “Trump Unbreaks the Internet,” also praised NTIA for saving taxpayers $21 billion. State legislators have said that money represents non-deployment funds that should go back to the states (see 2512090057).
Commerce Secretary Howard Lutnick shared the WSJ article Monday in a post on X. “We stopped this Biden rip-off before it spent a single dollar,” Lutnick said. “Money is only deployed when the American taxpayer gets the benefit of the bargain. When states do it right, fairly, and appropriately, the dollars go out right away. No red tape. No delays.”