After cutting taxes, Trump looking to localities to raise revenue for infrastructure
Source: The Washington Post
By John Wagner December 7 at 6:00 AM
Even as President Trump and Republicans in Congress seek to cut federal taxes, the White House has quietly come up with a very different plan for infrastructure: It wants to reward states and localities willing to raise taxes or other revenue to pay for new projects.
The dynamic is key to the Trump administrations latest thinking on an infrastructure bill aimed at spurring a $1 trillion investment in the nations ailing roads, bridges, rail lines and airports. Originally touted by Trump as a first 100-days initiative and one with the prospect for bipartisan support it has stalled amid other bruising legislative battles.
The approach now being contemplated is considered innovative by some infrastructure experts but also carries considerable political and economic risks for Trump.
While some in his own party remain wary of any new spending, many state and local officials and Democrats in Congress would like to see a more robust federal investment. Washington would cover only $200 billion of the $1 trillion tab under the legislation being developed. Some also worry that taxes and fees raised at the local level could cancel out any potential benefits of a federal tax bill for their constituents.
Read more: https://www.washingtonpost.com/politics/after-cutting-taxes-trump-looking-to-localities-to-raise-revenue-for-inftrastructure/2017/12/06/9078c230-d379-11e7-b62d-d9345ced896d_story.html
Bernardo de La Paz
(49,007 posts)This is another aspect of Robin Hood in reverse.
Widening the income & wealth inequality gap hurts the USA badly. It's already bad and heading to revolution if democratic methods and Democratic solutions are not applied.
notdarkyet
(2,226 posts)Thor_MN
(11,843 posts)After giving away trillions to the wealthy, he wants someone else to raise taxes so he can claim >HIS< infrastructure plan is doing something? Fucking Moron thinks he can lease his name to infrastructure projects and advance them that way. If they built a Trump bridge over the Mississippi, I would drive hours to get to another one.
alarimer
(16,245 posts)Especially sales taxes. Somehow when they calculate the total tax burden, they are usually left out. But in some places without state income taxes (like Texas) they are incredibly burdensome (on the order of 9-10% in some localities for some items).
Bengus81
(6,931 posts)Hey Dems,hope Franken will vote with Republicans for crack pot SHIT like this.