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With a $1 trillion infrastructure plan unveiled Tuesday, Senate Democrats and Sen. Bernie Sanders (I-Vt.) are offering President Donald Trump an opportunity to make good on a major campaign promise--without giving away billions to private corporations in the process.
The sweeping proposal (pdf), which proponents claim would create 15 million jobs, focuses on repairing the nation's "crumbling roads and bridges," upgrading local water and sewer systems, replacing and expanding existing rail and bus systems, rebuilding schools, and expanding high-speed broadband in unserved and underserved areas, among other priorities. The plan would reportedly "rely on direct federal spending," as the Washington Post reports, and be paid for by closing unspecified tax loopholes.
The blueprint lays down the gauntlet to both Trump--who campaigned on a promise to implement such an infrastructure program, but whose plan for doing so amounts to what former Labor Secretary Robert Reich calls "a giant public subsidy to developers and investors"--and congressional Republicans, who have resisted attempts to allocate federal dollars to such national improvement projects.
The Post reports:
Eager to drive a wedge between the new president and congressional Republicans, Democrats consider talk of infrastructure projects as a way to piggyback on Trump's frequent vows to repair the nation's crumbling roads and bridges and persuade him to adopt ideas that would put him at odds with GOP leaders, who have done little to embrace what would amount to a major new government spending program.
Advisers to Trump have said they would rely on federal tax credits and public-private partnerships rather than federal spending to pay for a new infrastructure program.
But Senate Minority Leader Chuck Schumer (D-N.Y.) told reporters on Tuesday: "We will not support tax credits for developers."
"In other words, they're happy to work with Trump--but on their terms, not his," Vox wrote.
As Sanders declared in a statement: "President Trump campaigned on rebuilding the infrastructure. Let's do it, but let's do it in a way that does not provide huge tax breaks to the wealthiest people in this country and to the largest corporations."
For Reich, "the only way we get that is if corporations and the wealthy pay their fair share of taxes." Troublingly, Trump spent Monday and Tuesday telling business executives that "massive" corporate tax cuts were on the horizon.
Here, Reich explains what's wrong with Trump's plan:
Dear Common Dreams reader, It’s been nearly 30 years since I co-founded Common Dreams with my late wife, Lina Newhouser. We had the radical notion that journalism should serve the public good, not corporate profits. It was clear to us from the outset what it would take to build such a project. No paid advertisements. No corporate sponsors. No millionaire publisher telling us what to think or do. Many people said we wouldn't last a year, but we proved those doubters wrong. Together with a tremendous team of journalists and dedicated staff, we built an independent media outlet free from the constraints of profits and corporate control. Our mission has always been simple: To inform. To inspire. To ignite change for the common good. Building Common Dreams was not easy. Our survival was never guaranteed. When you take on the most powerful forces—Wall Street greed, fossil fuel industry destruction, Big Tech lobbyists, and uber-rich oligarchs who have spent billions upon billions rigging the economy and democracy in their favor—the only bulwark you have is supporters who believe in your work. But here’s the urgent message from me today. It's never been this bad out there. And it's never been this hard to keep us going. At the very moment Common Dreams is most needed, the threats we face are intensifying. We need your support now more than ever. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. When everyone does the little they can afford, we are strong. But if that support retreats or dries up, so do we. Will you donate now to make sure Common Dreams not only survives but thrives? —Craig Brown, Co-founder |
With a $1 trillion infrastructure plan unveiled Tuesday, Senate Democrats and Sen. Bernie Sanders (I-Vt.) are offering President Donald Trump an opportunity to make good on a major campaign promise--without giving away billions to private corporations in the process.
The sweeping proposal (pdf), which proponents claim would create 15 million jobs, focuses on repairing the nation's "crumbling roads and bridges," upgrading local water and sewer systems, replacing and expanding existing rail and bus systems, rebuilding schools, and expanding high-speed broadband in unserved and underserved areas, among other priorities. The plan would reportedly "rely on direct federal spending," as the Washington Post reports, and be paid for by closing unspecified tax loopholes.
The blueprint lays down the gauntlet to both Trump--who campaigned on a promise to implement such an infrastructure program, but whose plan for doing so amounts to what former Labor Secretary Robert Reich calls "a giant public subsidy to developers and investors"--and congressional Republicans, who have resisted attempts to allocate federal dollars to such national improvement projects.
The Post reports:
Eager to drive a wedge between the new president and congressional Republicans, Democrats consider talk of infrastructure projects as a way to piggyback on Trump's frequent vows to repair the nation's crumbling roads and bridges and persuade him to adopt ideas that would put him at odds with GOP leaders, who have done little to embrace what would amount to a major new government spending program.
Advisers to Trump have said they would rely on federal tax credits and public-private partnerships rather than federal spending to pay for a new infrastructure program.
But Senate Minority Leader Chuck Schumer (D-N.Y.) told reporters on Tuesday: "We will not support tax credits for developers."
"In other words, they're happy to work with Trump--but on their terms, not his," Vox wrote.
As Sanders declared in a statement: "President Trump campaigned on rebuilding the infrastructure. Let's do it, but let's do it in a way that does not provide huge tax breaks to the wealthiest people in this country and to the largest corporations."
For Reich, "the only way we get that is if corporations and the wealthy pay their fair share of taxes." Troublingly, Trump spent Monday and Tuesday telling business executives that "massive" corporate tax cuts were on the horizon.
Here, Reich explains what's wrong with Trump's plan:
With a $1 trillion infrastructure plan unveiled Tuesday, Senate Democrats and Sen. Bernie Sanders (I-Vt.) are offering President Donald Trump an opportunity to make good on a major campaign promise--without giving away billions to private corporations in the process.
The sweeping proposal (pdf), which proponents claim would create 15 million jobs, focuses on repairing the nation's "crumbling roads and bridges," upgrading local water and sewer systems, replacing and expanding existing rail and bus systems, rebuilding schools, and expanding high-speed broadband in unserved and underserved areas, among other priorities. The plan would reportedly "rely on direct federal spending," as the Washington Post reports, and be paid for by closing unspecified tax loopholes.
The blueprint lays down the gauntlet to both Trump--who campaigned on a promise to implement such an infrastructure program, but whose plan for doing so amounts to what former Labor Secretary Robert Reich calls "a giant public subsidy to developers and investors"--and congressional Republicans, who have resisted attempts to allocate federal dollars to such national improvement projects.
The Post reports:
Eager to drive a wedge between the new president and congressional Republicans, Democrats consider talk of infrastructure projects as a way to piggyback on Trump's frequent vows to repair the nation's crumbling roads and bridges and persuade him to adopt ideas that would put him at odds with GOP leaders, who have done little to embrace what would amount to a major new government spending program.
Advisers to Trump have said they would rely on federal tax credits and public-private partnerships rather than federal spending to pay for a new infrastructure program.
But Senate Minority Leader Chuck Schumer (D-N.Y.) told reporters on Tuesday: "We will not support tax credits for developers."
"In other words, they're happy to work with Trump--but on their terms, not his," Vox wrote.
As Sanders declared in a statement: "President Trump campaigned on rebuilding the infrastructure. Let's do it, but let's do it in a way that does not provide huge tax breaks to the wealthiest people in this country and to the largest corporations."
For Reich, "the only way we get that is if corporations and the wealthy pay their fair share of taxes." Troublingly, Trump spent Monday and Tuesday telling business executives that "massive" corporate tax cuts were on the horizon.
Here, Reich explains what's wrong with Trump's plan: