SANDERS: TRUMP INFRASTRUCTURE PROPOSAL IS A ‘SCAM’
While Bernie Sanders agrees that Congress should increase the budget for infrastructure improvements and repairs, he does not support Donald Trump’s plan, according to Fortune.
The Vermont senator slammed the president-elect for seeking to give significant tax relief to large companies that invest in the projects. “Trump would allow corporations that have stashed their profits overseas to pay just a fraction of what the companies owe in federal taxes,” Sanders wrote. “Then he would allow the companies to ‘invest’ in infrastructure projects in exchange for even more tax breaks. Trump’s plan is corporate welfare coming and going.”
Sanders declared that instead of backing the president-elect’s “scam,” he will reintroduce the Rebuild America Act in the Senate. The measure would authorize $1 trillion in spending on infrastructure projects over a five-year span.
Fortune reported that Democratic Sen. Chuck Schumer thinks his party’s lawmakers can join forces with the new administration in ushering in a new era of investments in roads, bridges, buildings and other capital needs. Schumer, who is in line to become the Senate minority leader, also predicted cooperation on “getting rid of the carried interest loophole (and) changing our trade laws dramatically.”
“Surprisingly, on certain issues, candidate Trump voiced very progressive and populist opinions,” the senator said on NBC’s “Meet the Press.” If Schumer’s fellow Democrats elect him as their leader in the Senate, he will replace Nevada Sen. Harry Reid, who did not run for re-election.