Posted on 02/13/2017 10:01:44 PM PST by Tolerance Sucks Rocks
WASHINGTON — President Donald Trump has promised to revitalize America’s aging roads, bridges, railways and airports, but a plan put forward by his economic advisers relies on a transportation financing scheme that hasn’t been tried before and comes with significant risks.
The plan was set out just before the election by billionaire leveraged buy-out specialist Wilbur Ross, Trump’s pick for commerce secretary, and conservative economics professor Peter Navarro, whom Trump has tapped to head his National Trade Council. They recommended the government allocate $137 billion in tax credits for private investors who underwrite infrastructure projects.
Ross and Navarro estimate that over 10 years the credits could spur $1 trillion in investment. That’s how much Trump promised to spend on infrastructure — a key part of his job-creation plan.
(Excerpt) Read more at businessinsavannah.com ...
You had to go to a swamp to find this?
1 trillion dollars in stimulus.. If the last stimulus didn’t fix it, why expect this one to? Shovel ready, union payouts. O yay.
I forgot.. jobs created or saved.. sounds like the last eight years from a taxpayer perspective.
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