Well if they follow the pattern that Russia and China have with investing in Trump properties they might get somewhere.Private investment?
Raising the tax on gas, while, I approve, is a losing proposition. As more people move to electric or hybrid vehicles the pool of people paying a gas tax will shrink. This shrinking pool of users will then result in the tax being raised again and even more people switching to electric vehicles. The sooner we get away from fossil fuels the better, for the environment and that's why I support the tax. However, it won't do any good for its intended purpose which was to maintain and build roads and things will continue to get worse.
Just another policy that wasn't well thought out.
The gas tax will get passed down again when shipping costs go up and stores increase prices. So much for the tax cuts for the little guy.
Don't forget increasing property taxes as well.States have been ramping fuel taxes for years and will do more as federal money continues to dry up. Vehicle registration fees too.
Looks like many of us nailed it before their announcement.This week is the official rollout of the plan.
There is still great skepticism on the funding for it and doubts whether much will materialize.
Recall that only $200B of the $T1.5 is proposed to come from Washington, 80% from states and cash strapped cities.
The $200B is not new federal spending, it comes from other infrastructure programs like already dangerously underfunded Amtrak.
Meanwhile, the $25B in Wall money is new spending, so in effect Trump/GOP will spend more new money on the wall than all the roads and bridges in the nation, and worth 12% of all infrastructure spending. Conservatives wonder why liberals are so against it...
Even
Trump has come out to endorse the $0.25/g gas tax hike to get some more new money to spend.
https://www.cnbc.com/2018/02/14/trump-reportedly-endorses-25-cent-hike-in-gas-tax.html
As in my earlier post, this is a $300 tax increase per household. This will wipe out the Trump tax cuts effect for a significant % of all households, and a net tax increase for millions of those.
Basically any household under $50k gets screwed.
Median us household income is $59k.
That's our Donald- always looking out for the little guy.
One day.. Trump voters be like:
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That day can't come too soon.
President Trump is pushing congressional Republicans not to fund a crucial infrastructure project — a long-delayed plan to build a new rail tunnel between Manhattan and New Jersey — setting up a confrontation that could complicate passage of a massive government spending bill this month.
Trump personally appealed to House Speaker Paul D. Ryan (R-Wis.) this week to target federal funding for the $30 billion Gateway project, which would construct a tunnel into New York’s Penn Station to supplement two aging tubes that are at risk of failing in the coming years.
The project is widely considered to be among the most pressing and most expensive infrastructure needs in the country, and state and local leaders have long sought federal funding to jump-start work on it. But the Trump administration threw the project into doubt late last year by casting aside an agreement reached during the Obama administration that would have the federal government pick up half the project’s cost.
Speaking of trickling down.....Rich people need tax cuts more than the Country needs infrastructure. It will all trickle down. Everybody knows this.
So not only is the proposed "infrastructure bill" a piece of shit, Trump is apparently actively trying to kill needed infrastructure projects: WaPo
What is he doing, another hostage taking move?
He’s mad at Schumer and the Dems for bottling up some of his confirmations, like the GOP did to Obama. I would not want to emblazon my already hated name on a situation that will some day soon explode into a tsunami of negative press...
