Professor Driesen Writes: Tax Credits and Public Spending on Infrastructure
University Professor David Driesen has contributed the article Tax Credits and Public Spending on Infrastructure at the Center for Progressive Reform blog:
Donald Trump based his candidacy on the claim that he would serve working-class people who established politicians have neglected. He promised $1 trillion of infrastructure investment over 10 years, which could generate a lot of blue-collar employment while potentially repairing crumbling bridges and roads, replacing antiquated wastewater treatment systems (in Flint and elsewhere), and creating a mass transit system that could move us into the 21st century in that realm. A sound infrastructure program, unlike anything else that Trump has proposed, really would grow the economy and help hard-hit workers across the country.
Unfortunately, he did not propose that government raise and spend $1 trillion on infrastructure. Instead of funding his program with a modest tax increase and bond revenue, he promised a $9 trillion tax cut primarily benefitting wealthy people like himself.