"..Last
year’s proposed budget from the Congressional Progressive Caucus called
for 10 times as much infrastructure investment—$2 trillion in public
investment over 10 years—and would have reduced the deficit to boot. One initiative under that plan would set aside $350 billion for
drinking water pipes to ensure we don’t have another Flint,
Michigan-style water crisis in a few years. This single initiative
offered more public funds than the entire infrastructure plan Trump just
rolled out.
The secret? The progressive plan raises the funds to invest in America and tamp down the deficit at the same time by raising taxes on billionaires and closing corporate tax loopholes—the exact opposite approach of the Trump tax plan (which, at a cost of $1.5 trillion or more, would have been enough to fund his entire infrastructure plan directly)."
The secret? The progressive plan raises the funds to invest in America and tamp down the deficit at the same time by raising taxes on billionaires and closing corporate tax loopholes—the exact opposite approach of the Trump tax plan (which, at a cost of $1.5 trillion or more, would have been enough to fund his entire infrastructure plan directly)."
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