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Top Senate Democrat blasts developer tax credit for infrastructure
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2naSalit
(86,609 posts)to the dregs of human understanding.
ffr
(22,670 posts)Put a snazzy title to it, like America Back to Work Infrastructure Bill, but what's in it is a means to loot the public.
63 Million Joe and Jane Hoodwinks really fucked us on this one. Thanks guys! Whose side are you on???
PatrickforO
(14,574 posts)The taxpayers are just a cash cow for these people.
keithbvadu2
(36,802 posts)Trump and Idi Amin on spending money
http://www.newvision.co.ug/new_vision/news/1290570/44-money-uganda
A story is told of a former Governor of Bank of Uganda who was killed after defying orders from President Idi Amin to print money. It is reported that Joseph Mubiru, was summoned by Amin and asked to release money urgently. The governor told Amin that the treasury did not have money. -
Initech
(100,075 posts)lark
(23,099 posts)Making America jeered again is another.
ffr
(22,670 posts)irisblue
(32,974 posts)Johonny
(20,851 posts)DallasNE
(7,403 posts)Which would probably be a good thing.
Mark.Gray
(12 posts)Angry Dragon
(36,693 posts)One can see what Trump sees as America ......... the wealthy need all the help he can give them
Bill USA
(6,436 posts)didn't vote????
Crash2Parties
(6,017 posts)...it's because they want to build on it.
But as the comment above me said, it was Clinton that was "crooked" and "too tied to corporations", right?
And btw, this technique of privatizing previously public works is far more crooked than this synopsis voiced; typically, local governmentt still holds all liability. A great example is the Doyle Drive project in San Francisco, for anyone curious about how this form of privatization works.
keithbvadu2
(36,802 posts)DallasNE
(7,403 posts)There aren't that many new roads that need to be built. We have many roads that need to be upgraded.
Let's say that we have an Interstate that is congested with 3 lanes of traffic each direction. The logical solution would be to expand it to 4 lanes each direction, and all that that would entail. That highway is currently funded 90% federal and 10% state and paid for with fuel taxes from each jurisdiction. So how do you convert that from public to private - by bids? Would the proceeds from that sale then pay for tax cuts for his wealthy friends? I'm having trouble visualizing how this works. When the work is done I am still paying the same fuel tax as before but now I am also paying the toll charge to use the road. The consumers look screwed to me while the fat cats make out like a bandit.
They don't have to build new roads or even widen existing roads. They simply resurface the road and the contract is set up such that the entity paying for the improvement owns the utility (road in this case).
This is all about repatriating the funds that the wealthy have offshore that they want to bring into the country tax free.
The toll fees won't kick in until after 2020, so Trump will get the credit for getting the economy going, creating jobs and get reelected. Then everyone will start paying for not just toll roads, but privately owned sewer, water, electric. Of course there'll be less regulation (as promised), which is another way of saying that the utility prices will have less (or nonexistent) control over them.
It's a very dangerous plan. When America was Great(er), such things (infrastructure improvement) were paid for by a top marginal tax rate of 91%.
Dark n Stormy Knight
(9,760 posts)when Ds tried to implement them. That and Rs cant bear for the public to benefit if Ds get credit.
IronLionZion
(45,442 posts)Private roads and bridges get built in places that have lots of people who can pay the tolls - cities. Not much is going to be done for the rural people who voted for Cheeto face to create some jobs for them. Unless they want to come to the cities to build our roads and then leave.
Private developers love immigrant labor.