Trump Wants a Giant 'Infrastructure' Tax Break for Wall Street. Will Chuck Schumer Stop Him?

[TexasTowelie]

One of Donald Trump’s first acts as president could be giving billions in tax breaks to private equity under the guise of repairing roads and bridges, and New York’s own Chuck Schumer, leader of the Senate Democrats, could be the key to making it happen.

“It's going to be one of my priorities,” Schumer told reporters on a conference call at the end of November. “We need to pave the way for an infrastructure deal,” he added.

Far from being a reluctant warrior, Schumer is casting himself as Washington’s infrastructure kingpin, issuing a press release at the end of November saying he “stands ready to work with the incoming administration” on crafting a deal.

Barely two weeks later, Trump advisor and son-in-law Jared Kushner is reported to have said that Schumer aligns more closely with the incoming president’s infrastructure agenda than even Senate Majority Leader Mitch McConnell. When ABC News asked Schumer about Kushner’s claim, New York’s senior senator didn’t dispute it. Then, for good measure, he added that the scale of Trump’s preliminary proposal, advertised at $1 trillion, “sounded good to me.”

Read more: http://www.villagevoice.com/news/trump-wants-a-giant-infrastructure-tax-break-for-wall-street-will-chuck-schumer-stop-him-9508913

[Blue Shoes]

1. What the hell is Schumer doing? nt

[PoliticAverse]

4. There's a reason he's called "Wall Street Chuck"....

http://www.huffingtonpost.com/2014/08/02/chuck-schumer-elizabeth-warren_n_5639338.html

[Wellstone ruled]

7. Chuckie has never turned down a check from

Wall Street. Same for Stieny Hoyer. And we wonder why people are pissed off at the Leadership.

[spanone]

2. republicans will kill it, they hate spending on infrastructure.

[Freethinker65]

3. If it promotes privatization it will pass. Otherwise I agree. GOP - No funding for public works

[Initech]

5. The conservatives railed on Hillary for being in bed with Wall Street.

They get no sympathy and a giant middle finger from me.

[Rex]

6. Wall Street has made a killing under Obama, why do they need a tax break?

Idiot Don already stumbling out of the gate.

[elfin]

8. I have never trusted Schumer - and even more so now

Especially on anything related to Israel, no matter how egregious their settlement actions continue to be.

Regrettably, he seems to be Jew first and a Senator second too many times over the years. Also, too cozy with Big Finance, which probably comes with the territory when you represent New York. However, I would hope that as a senator, you would think of the nation first at least a few times when either of those two topics come up.

[BeyondGeography]

9. Why bother, when you can get Joe Blow in Bayonne to pay $500 quarterly water bills courtesy of KKR?

PE and infrastructure is a disaster, but it is one made possible by buck passing politicians and the voters who love them for continually deferring investments (aka tax hikes) necessary to maintain essential services. Every community that is thinking of going this route should read this recent NYT article:

http://www.nytimes.com/2016/12/24/business/dealbook/private-equity-water.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

[Jamaal510]

10. This turned out

to be another one of Don's cons: criticize Hillary Clinton for being too Wall Street-friendly and have ordinary Americans thinking she's out of touch with them, then a few months later, support tax breaks for Wall Street. Add that to the list of his cons along with his threat to lock her up and to build the Mexican wall.

[ymetca]

11. Toll Roads To Nowhere

Pointless jobs for a pittance, while the 1% funnels further billions into their foreign bank accounts. The coda for a dying Republic!

[Me.]

12. Not A Chance

[CanonRay]

13. Would you like the long or short version of "No"

The long version is "No, not a fucking thing."

[sarcasmo]

14. Chuck is part of the Democratic problem, No Stones.

[malaise]

15. No