Trump’s Infrastructure Plans Could Raise Costs, Enrich Financiers, And Fleece The Public

Donald Trump hasn’t released an infrastructure plan but has given a good sense of the direction his administration will take.  His proposal will likely use giant tax breaks to spur a massive increase in private control of public infrastructure in what David Dayen called a “privatization fire sale.” Trump will be able to say the plan will both mean no new taxes and guaranteed profits for investors for decades.  It’s too good to be true. There’s no doubt America needs a massive infrastructure upgrade. The American Society of Civil Engineers estimates nearly $4 trillion in needs including decades of deferred maintenance of our drinking and waste water systems, our roads and bridges and more, as well as new infrastructure such as light rail and broadband communications needed respond to 21st century challenges and opportunities.

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