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Trump’s big infrastructure plan has a lot of detail on everything but how to pay for itby wpjljron
Monday, February 12th, 2018.Trump’s big infrastructure plan has a lot of detail on everything but how to pay for itPresident Trump is poised to unveil a long-awaited plan Monday that aims to stimulate $1.5 trillion in new spending on the country’s ailing infrastructure over the coming decade, but many lawmakers in both parties say the president isn’t providing a viable way to pay for his initiative. A year in the making, the proposal is […]
President Trump is poised to unveil a long-awaited plan Monday that aims to stimulate $1.5 trillion in new spending on the country’s ailing infrastructure over the coming decade, but many lawmakers in both parties say the president isn’t providing a viable way to pay for his initiative.
Biden’s infrastructure plan faces controversy over price tag and design Heather Long
Replay Video UP NEXT When the White House released what it hailed as its historic infrastructure plan Wednesday, it said corporate tax changes would “more than pay for the mostly one-time investments in the American Jobs Plan.” But there’s a catch: The $2.3 trillion in spending would take place over the next eight years. It would take until 2036 15 years for President Biden’s proposed corporate tax hikes to generate that much revenue. The disconnect is one of several controversies that Biden’s proposal is already facing, especially as the president tries to garner bipartisan votes at a time when the federal deficit is already at its highest level since World War II. While there’s widespread support across the political aisle to upgrade the nation’s infrastructure, critics of Biden’s plan ― and even some of its supporters ― have raised question
Cities in the Bay Area should work with the incoming Biden Administration to free up $100 billion in low-cost loans that can go to infrastructure projects, including rail and transit. The loans can be key to rebuilding and expanding transportation systems, according to a recent white paper from the Mineta Transportation Institute at San Jose State University. More importantly, there’s no need for new legislation: these funds can be put into play immediately by the new administration.
There is a growing national awareness of the critical importance of rebuilding our nation’s crumbling infrastructure. Delay increases a project’s costs and defers such economic benefits as new jobs, increased tax revenues, improved safety, and a cleaner environment. The Biden Administration can help solve these infrastructure needs without waiting for new legislation by making available tens of billions of dollars in financing for transportation infrastructure across the US. No further Congression