Wyden Statement on Trump Infrastructure Plan

WASHINGTON, D.C. (February 13, 2018) – (RealEstateRama) — Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement regarding the president’s infrastructure plan:

“This is another broken promise to rebuild America’s aging infrastructure. It is a plan for wealthy investors who only care about wasting taxpayer dollars to fund their privatization schemes,” Wyden said. “$200 billion is a drop in the bucket compared to the $1.5 trillion Republicans in Congress just spent to slash taxes for multinational corporations and the donor class.

Republicans passed up the opportunity to use taxes from earnings on overseas profits to fix and improve our roads, bridges and highways. They ignored bipartisan proposals like the one I have with Sen. John Hoeven to responsibly expand infrastructure investment. Now they’re looking under couch cushions and chairs for spare change while forcing communities and cities to hike taxes and charge Trump tolls.

“The path to rebuilding our infrastructure is not a state secret. Robust federal investment combined with innovative financing tools is a formula that improves transit, creates jobs and drives our economy forward. What’s on offer is yet another giveaway to the politically powerful that will send our roads, bridges and highways into further disrepair.”

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Source: Senate Committee on Finance