trump's new infrastructure plan

[mrnyc]

he's rolling it out today


POLITICS 02/12/2018 09:02 am ET Updated 1 hour ago

Trump’s New Infrastructure Plan Is Kind Of Underwhelming

The “big league” president goes small on infrastructure.


WASHINGTON ― President Donald Trump is expected to unveil his long-delayed infrastructure proposal on Monday, an initiative meant to spur investment in the nation’s crumbling roads, bridges, and waterways. However, the plan is believed to be a far cry from his populist campaign rhetoric, in which he promised to unleash a grand national renewal not seen since the days of Dwight Eisenhower.

While the plan includes a shiny topline number ― a $1.5 trillion investment in infrastructure ― the substance of the package is decidedly less than meets the eye. The proposal seeks to turn just $200 billion in direct federal spending over the next decade into nearly seven times that number by leveraging state and local tax dollars as well as private investment. The American Society of Civil Engineers, meanwhile, says the U.S. needs to invest $4.59 trillion in infrastructure by 2025.


more:
https://www.huffingtonpost.com/entry...b08dfc930576fa

[Busy Bee]

This proposal will succeed at two things: The biggest plan to go nowhere the fastest

Also par for the course that this vile hideous creature has the gall to claim Obama did nothing to improve our infrastructure as if the GOP standing in front of virtually every infrastructure effort never happened. We are living in a twilight zone.

[tdawg]

Oh it's Infrastructure Week again? Did he really make a comment slamming Obama on infrastructure? Does no one else remember seeing all the signs for the American Recovery and Reinvestment Act everywhere during the Great Recession? Or this little nugget from Obama's nearly $500 Billion infrastructure bill that the Republicans blocked in 2015:

"President Obama’s proposal of a one-time 14 percent tax on nearly $2 trillion of foreign earnings is gaining traction among Democrats and some Republicans as a way to fund infrastructure projects. Major American companies are supposed to pay a 35 percent tax on overseas earnings, but many use a legal loophole that allows them to keep the earnings in other countries indefinitely.


In Obama’s approach, companies such as Apple, Cisco Systems and Microsoft would have a one-time chance to pay taxes on overseas earnings at the much lower 14-percent tax rate. The proposal would also impose a permanent 19-percent tax on foreign earnings."

http://www.thefiscaltimes.com/2015/0...ked-Senate-GOP countries indefinitely.

[Austin55]

Those Amtrak and New Starts cuts SUCK