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Yo_Mama_Been_Loggin

(107,741 posts)
Sun Nov 26, 2017, 03:45 PM Nov 2017

For Trump, GOP tax bill could have big downside

The GOP tax plan that is speeding through Congress could deliver a much-needed win for the White House, but it could also kill one of Trump's other top priorities: legislation to rebuild U.S. infrastructure. 

Not only would the tax overhaul use up one of the potential funding options for repairing infrastructure, it would also eliminate a financing tool that states have used to back a wide range of infrastructure projects. 

That could spell doom for Trump’s infrastructure overhaul, which was always going to be a tough sell for fiscal conservatives on Capitol Hill.
“Preemptively removing [private activity bonds] as a financing tool for infrastructure projects would undermine Congress's stated goal of leveraging a $1 trillion investment in our nation's infrastructure,” said Richard A. White, acting president and CEO of the American Public Transportation Association.

“Instead, this provision would have a chilling effect on private sector investments in infrastructure projects.”

http://thehill.com/policy/transportation/361616-for-trump-gop-tax-bill-could-have-big-downside

Honestly you think they give a shit? They just want their taxes cut.

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For Trump, GOP tax bill could have big downside (Original Post) Yo_Mama_Been_Loggin Nov 2017 OP
Not to mention the many MILLIONS of jobs............... ProudMNDemocrat Nov 2017 #1

ProudMNDemocrat

(16,722 posts)
1. Not to mention the many MILLIONS of jobs...............
Sun Nov 26, 2017, 03:50 PM
Nov 2017


that a Nationwide Infrastructure rebuilding would create.

We're not just looking at Roads and Bridges, but crumbling Sewer systems, Under and Over ground Rail, the Ports, Electrical Grids, Locks and Dams, deeper waterways to prevent flooding, expanding the Internet to rural communities, expanding Renewable energies, etc.

Think about it people.
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