As the Trump administration works to finance its ambitious infrastructure plan, Senate Democrats have come up with a possible solution: repeal the recently passed tax legislation. The proposed plan would inject over a trillion dollars into desperately needed infrastructure projects that are aimed at fixing roads, bridges, schools, and sewer systems, by clawing back nearly two-thirds of the revenue lost through the Tax Cuts and Jobs Act. Senate Minority Leader Charles E. Schumer (D-N.Y.) believes the “American people will prefer building infrastructure and creating close to 15 million middle-class jobs than giving tax breaks for the wealthy.”
See Mike DeBonis, Democrats to Unveil $1 Trillion Infrastructure Plan, Seek Reversal of GOP Tax Cuts to Finance It, The Washington Post, March 7, 2018.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
