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re: Unbanned - BigScrub here to eat BigCrow
Posted on 12/27/16 at 1:44 pm to Big Scrub TX
Posted on 12/27/16 at 1:44 pm to Big Scrub TX
quote:
I think Trump is going to face way more opposition from a supposedly friendly Congress than is being assumed. I am deeply skeptical that any sizable infrastructure bill will pass.
Trump will face opposition from congress not due to how much he wants to spend but how little he wants to spend...they will be pissed at his frugality.
Infrastructure improvements can be done with the initial help of congress but appropriated and managed without congress.
Here's how:
Get congress to pass a repatriation bill that either brings back cash dollars from corporate profits (that's an estimated $2.5 trillion) at a 15% corporate tax rate OR a 0% corporate tax rate if those corporate profits are invested in municipal infrastructure bonds. (That's a two fold incentive...0% taxes on initial repatriation and 0% taxes on the bond yield and if you count that it feels good to help local and state infrastructure projects I suppose it's a three fold incentive.)
The bonds are payed by by local revenues and funded by multinational corporations.
This approach fulfills three main goals:
1. Puts an emphases on infrastructure improvements by repatriating corporate dollars where needed
2. State, counties/parishes, cities make the decision to take on a project...they know better than the federal government if they can afforded to pay back the debt with existing or future revenues.
2. Keeps infrastructure project debt off the federal balance sheet.
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