system to cut down on travel time and delays. this investment, as you guys have been saying, will be at least $50 billion. this wednesday, president obama is also expected to announce another part of this economic plan, and that is to extend permanently a research and development tax credit for businesses. and basically, what this would do is reward companies that develop technologies in the u.s. and keep jobs here. he also wants to increase a credit option from 14 to 17%. now, this is all expected to cost about $100 billion, and how do they plan to pay for this? well, one of the proposals is to be paid by closing some corporate loopholes for multinational and energy companies, tony. okay, ines, appreciate it. thank you. so will a new wave of spending on infrastructure and transportation make a dent in the unemployment rate? let s talk about this with stephanieyy elam joining us fro
incentives that reward companies for sending jobs, profits, and manufacturing overseas. the ways and means chairman says his focus on the local job creators. for the main street business, making 52,000 a year, working day and night and weekends, a tax cut of over $3,000. stick a prominent democrats are on the attack. what they give you with one hand, they take away. with the other. it s a shell game that corporate america will perpetrate. they would repeal the deduction for state and local income and sales taxes. it would allow a deduction for property tax up to $10,000. the proposal to eliminate the state local tax deduction is a geographic redistribution of wealth. you are taking more money from us place like new york in order to pay for a deeper tax cut elsewhere. after president trump rejected a possible change, this
that helps our economy. that helps or pocketbook. it helps our national security. it helps our environment. but we don t want to just stop innovating there. there are thousands of workers today building long-lasting batteries and wind turbines and solar panels all across the country. i want to make sure instead giving subsidies to oil profits i want to support the energy jobs of tomorrow, the new technologies that will cut our oil imports in half. i want to stop giving tax breaks to companies that reward tax breaks that reward companies that are shipping jobs overseas. reward companies that are investing here in america. in the next generation of manufacturing. that s how we grow an economy. that s how we create jobs. that s what i see for colorado. that s what i see for our future. change, real change, is turning the page on a decade of war.