It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
I have been unemployed or under-employed since 2008, Buzzy.
Chao said getting private capital flowing into infrastructure projects will require “incentivizing” equity firms, pension funds, and endowments to invest in “a bold new vision” for building highways and other infrastructure.
Trump wants private investors to basically direct $1 trillion in infrastructure projects nationwide through a “revenue neutral” financing plan, which banks on financing from private investors, allegedly to control deficit spending (which the GOP generally deems wasteful, while promoting tax breaks as a wiser redistribution of public funds into corporate coffers). To draw some $167 billion to jumpstart the $1 trillion, 10-year infrastructure plan, Washington would grant a giant tax break “equal to 82 percent of the equity amount.” The goal isn’t fixing bridges so much as fixing the corporate tax codes to promote privatization and unregulated construction with virtually no public input. Moreover, whereas effective stimulus plans aim to fill infrastructure gaps that big business has ignored, Mike Konzcal observes in The Washington Post, that the developers Trump is courting would follow the money and “back profitable construction projects. These projects (such as electrical grid modernization or energy pipeline expansion) might already be planned or even underway.”
Activists now fear that Trump’s job plan will yield relatively substandard jobs by mowing down longstanding regulatory protections, including environmental review process (a critical tool activists use to challenge developments that involve public-health threats) and prevailing wage regulations. While private business partnerships on federal construction projects are routine, Trump’s camp is distinctly poised to launder corporate money through federal coffers at workers’ and taxpayers’ expense.
As the Tories in Congress and state legislatures around the country move against the democratic achievements of generations — Social Security, the National Labor Relations Act, Medicare and Medicaid, the Affordable Care Act, the Civil Rights and Voting Rights Acts, consumer protections and a woman’s right to choose — stand up and pronounce the very words that Washington’s troops heard as they boarded longboats and crossed back over the icy Delaware to surprise and defeat the King’s troops at Trenton: “Let it be told to the future world, that in the depth of winter, when nothing but hope and virtue could survive, that the city and the country, alarmed at one common danger, came forth to meet and to repulse it.”
Let them call us rebels, for we are all the heirs of Thomas Paine.
Only appoint Supreme Court justices who will make it a priority to overturn Citizens United and who understand that corruption in politics means more than just quid pro quo.
Fight to pass a constitutional amendment making it clear that Congress and the states have the power to regulate money in elections. I have been a proud sponsor and leading champion of such an amendment in the Senate.
Fight for a publicly financed, transparent system of campaign financing that amplifies small donations, along the lines of the Fair Elections Now Act that I have been pleased to co-sponsor, and an effective public financing system for president.
Insist on complete transparency regarding the funding of campaigns, including through disclosure of contributions to outside spending groups, via legislation, action by the Securities and Exchange Commission, Federal Election Commission, and Federal Communication Commission, and an executive order requiring government contractors to disclose their political spending.
Fight to eliminate super PACs and other outside spending abuses.
Work to aggressively enforce campaign finance rules.
Of course if a person wants to work they should be able to find work. And IT SHOULD PAY ENOUGH FOR THEM TO LIVE ON!
I am ALSO against corporate tax-dodging, and now the bloody GOP wants to "not tax the profits earned from dealings overseas"??????????
The bond market duly had a hissy when Trump was elected. Trump is being called the inflation president, with the name-callers forgetting that inflation isn’t serious until there’s wage inflation—of which there is no indication.
Trump’s tax cutting will be accomplished in a hurry. House Republicans, who have a bill in concept, and plan to take action within the first 100 days of a Trump administration. This makes strategic sense; the president’s first months are the window for getting things done. Presidents don’t get much else done after their first two years in office.
Trump’s plan, which has huge tax cuts for business and the rich, emphasizes growth. It would inject $4-6 trillion into the economy over 10 years, mostly by means of business tax cuts. This would be supply-side economics, which you can do with your own currency. Two problems:
First, tax cuts would have to be enormous to have any macroeconomic effect on a $16-18 trillion economy. His first plan proposed even larger cuts, and the deficit hawks swooped. Think of it as the tax version of QE. But consumption has fallen, and newly subsidized businesses would still need customers in order for investing to make sense.
Second, even if enhanced growth were achieved, it would not be evenly distributed.