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It's buried under all that Mueller Second Council Russian collusion Obstruction Stormy Putin Hillary Clinton Email Fusion Uranium One Impeach Fodifav paperwork.
The proposal to be unveiled by Democratic leaders Wednesday would plow just over $1 trillion into a wide range of infrastructure needs, including $140 billion for roads and bridges, $115 billion for water and sewer infrastructure and $50 billion to rebuild schools.
The spending would be offset by clawing back two-thirds of the revenue lost in the Republican tax bill by reinstating a top income tax rate of 39.6 percent, restoring the individual alternative minimum tax, reversing cuts to the estate tax, and raising the corporate income tax from 21 percent to 25 percent.
Then why did Trump promise an infrastructure project at the tune of a trillion dollars?
Most likely because he also realized what a hideous, humiliating failure the ARRA of 2009 was, in terms of its stated purpose of implementing needed infrastructure improvements and repairs.
Check out the Pennsylvania Turnpike for how this works out.
The PA Turnpike is operated by the Pennsylvania Turnpike Commission, which is a government agency whose members are appointed by the state's government. It's more than likely going to be merged with the PA DOT.
Tell me again how that's a private, free-market road?
Let's say their is only one road in and out to a particular area. What incentivizes the private company to do maintenance? Who arbitrates that maintenance meets contract? Lawsuits won't work as typically these firms are divided into many firms just for that purpose. Minimize risk.
Why in the world would a business, whose very existence depends on customers giving them money, not want to maintain their product? It's econ 101.
The PA Turnpike is operated by the Pennsylvania Turnpike Commission, which is a government agency whose members are appointed by the state's government. It's more than likely going to be merged with the PA DOT.
Tell me again how that's a private, free-market road?
The Pennsylvania Turnpike Commission will likely not be merged with PA DOT because it a good place for state politicians to have a place for political appointments (along with the PA Liquor Control Board).
Why in the world would a business, whose very existence depends on customers giving them money, not want to maintain their product? It's econ 101.
Private (Brehon) courts would enforce contracts.
the case i presented was a basic monopoly. tell me how well that works.
Also, if you know the issue with DOT projects the issue is not waste. it is lowest bidder. Any engineering firm will tell you DOT is the least profitable of their projects.
Hopefully Trump's DOT will weed out the grants for things like decorative city entrance signage and lighting that were given out in the Obama shovel ready fiasco. The Fed Gov does not need to fund such things.
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