Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts
May 6, 2019
May 5, 2019
February 17, 2019
December 21, 2017
October 27, 2017
October 25, 2017
October 24, 2017
June 16, 2017
Why Trump's So-Called Infrastructure Plan Is Good for Wall Street But Bad for America
https://www.commondreams.org/views/2017/06/07/why-trumps-so-called-infrastructure-plan-good-wall-street-bad-america
"Donald Trump’s so-called infrastructure plan is a huge giveaway to Wall Street that fails to create the millions of jobs we need to modernize our roads, bridges, water systems, rail, airports, levees and dams. At a time when the American Society of Civil Engineers says we need to spend $2 trillion above current spending levels just to get our infrastructure back to a state of good repair, Trump actually cuts direct federal spending on our crumbling infrastructure by nearly $145 billion over the next decade. This would force state and local governments to shoulder more of the financial burden for our infrastructure needs at a time when they can least afford it. Just like Trump’s “health care” bill is actually a $231 billion tax cut for the top 2 percent, his infrastructure plan would create $200 billion in new tax loopholes and other giveaways for wealthy investors, and it would reward corporations that have stashed their profits overseas with huge tax cuts. Under Trump’s proposal, billionaires on Wall Street, wealthy campaign contributors and even foreign governments would receive hundreds of billions in tax breaks to purchase our highways, airports, and water treatment plants. They would then be allowed to impose huge new tolls and fees on the backs of American commuters and homeowners. The reality is that Trump’s plan to sell off our nation’s highways, bridges, and other vital infrastructure to Wall Street, private investors, and foreign governments is an old idea that does not work."
"Donald Trump’s so-called infrastructure plan is a huge giveaway to Wall Street that fails to create the millions of jobs we need to modernize our roads, bridges, water systems, rail, airports, levees and dams. At a time when the American Society of Civil Engineers says we need to spend $2 trillion above current spending levels just to get our infrastructure back to a state of good repair, Trump actually cuts direct federal spending on our crumbling infrastructure by nearly $145 billion over the next decade. This would force state and local governments to shoulder more of the financial burden for our infrastructure needs at a time when they can least afford it. Just like Trump’s “health care” bill is actually a $231 billion tax cut for the top 2 percent, his infrastructure plan would create $200 billion in new tax loopholes and other giveaways for wealthy investors, and it would reward corporations that have stashed their profits overseas with huge tax cuts. Under Trump’s proposal, billionaires on Wall Street, wealthy campaign contributors and even foreign governments would receive hundreds of billions in tax breaks to purchase our highways, airports, and water treatment plants. They would then be allowed to impose huge new tolls and fees on the backs of American commuters and homeowners. The reality is that Trump’s plan to sell off our nation’s highways, bridges, and other vital infrastructure to Wall Street, private investors, and foreign governments is an old idea that does not work."
June 15, 2017
June 10, 2017
Away from the national spotlight, GOP guts Wall Street safeguards
http://www.msnbc.com/rachel-maddow-show/away-the-national-spotlight-gop-guts-wall-street-safeguards
"it was a reminder that for all the GOP’s talk about “populism,” when Republican leaders thought no one was looking, they passed a regressive bill, championed by Wall Street lobbyists, to gut the protections put in place after the 2008 crash."
"it was a reminder that for all the GOP’s talk about “populism,” when Republican leaders thought no one was looking, they passed a regressive bill, championed by Wall Street lobbyists, to gut the protections put in place after the 2008 crash."
June 4, 2017
May 9, 2017
February 22, 2017
February 7, 2017
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