Friday, January 27, 2017

Democrats Call Trump Out On His "Trillion Dollar" Infrastructure Spending Scam

Last week in his inauguration Donald Trump exclaimed that...

America’s infrastructure has fallen into disrepair and decay. We will build new roads and highways and bridges and airports and tunnels and railways all across our wonderful nation.

This was just one of Trump's many mentions of the state of the country’s infrastructure on the campaign trail which always wound up with a pledge to spend $1 trillion dollars to address it.

Here's where we run into some trouble. When the general public got a look at the plan Trump released let's just say it didn’t exactly live up to the hype.

Instead, spending the "trillion dollars" to rectify the countries woeful "roads and highways and bridges and airports and tunnels and railways" it instead only offers tax credits to private firms that are interested in infrastructure projects with profit potential.

In other words, he will give money to to private firms who would then undertake projects that would charge Americans user fees and tolls.

Trump’s even had the gall to promise that his plan wouldn't cost the government anything as the real price would be passed down to any users who have to pay more in tolls and fees to use whatever was built.

In the end Trump’s proposal of a tax credit plan has a next to zero chance of incentivizing any new projects let alone addressing our countries failing infrastructure.

To call Trump out on his scam Senate Democrats offered up their own $1 trillion plan.

Democratic Senators Charles Schumer (NY), Bill Nelson (FL), Patrick J. Leahy (VT), Ron Wyden (OR), Sherrod Brown (OH), Maria Cantwell (WA.), and Thomas R. Carper (DE) plus Independent Bernie Sanders (VT) unveiled a package on Tuesday that has the federal government directly spending $1 trillion to upgrade infrastructure itself, rather than hand out tax credits to private companies.

The Democrat's proposal will, unlike Trump's plan, directly address the dilapidated infrastructure this country is experiencing.

The plan includes:

• $210 billion to upgrade roads and bridges 
• $110 billion to repair water and sewer systems 
• $180 billion for railways and bus systems 
• $100 billion for energy infrastructure 
• $75 billion to fix schools 
• $20 billion to install more broadband capacity 
• $20 billion to go to public and tribal land maintenance 
• $10 billion to upgrade Veterans Affairs hospitals.

Schumer said...

Our urban and rural communities have their own unique set of infrastructure priorities, and this proposal would provide funding to address those needed upgrades that go beyond the traditional road and bridge repair. Each day, too many students attend school in buildings so decrepit the pipes leach lead into their drinking water, our country’s heroes sit in VA hospitals that are crumbling beneath them, and millions in rural communities cannot kick-start local business because they lack access to the critical high-speed Internet they need.

The senators proposed paying for their plan by closing tax loopholes.

Unfortunately since it is Democrat's who are putting forth the plan there is almost no chance of it coming to fruition. There is also the fact that it would require actual money to be spent and no chance to enrich any of Trump's buddies.

Faced with call out by Democrat's Trump appear's to be backtracking on his call for a $1 trillion package as he sent out his infrastructure adviser, real estate developer Richard LeFrak, who said...

I think he’d like it to start with a ‘T,’ but I think the number I’ve heard tossed around is around $550 billion.

Time to put your money when're your big fat mouth is Donald.

No comments:

Post a Comment