Hidden in Bloomberg piece is a clue….
‘If the $2 trillion infrastructure investment that Democrats and Trump appear to want is to become a reality, Trump may well have to undo a good chunk of his 2017 tax cut…’1
Republican lawmakers would weight rising taxes, to jettisoning the tax cuts they gave to the rich and corporations only 2 years ago to pay for the funding of capital projects that Trump , Pelosi and Schumer seem to be in agreement on…Remember…Donald Trump IS a brills and mortar guy…Building things appeals to him…Building even BIGGER things appeals even MORE to him…And don’t think he isn’t thinking about a 100 miles of border wall to put in the deal…
Infrastructure is also a ‘jobs’ creation political boost for lawmakers of both parties(and Trump)….
President Trump said Saturday that he is “looking hard” at an infrastructure plan that would cost between $1 trillion and $2 trillion, days after Democratic congressional leaders said they reached an agreement with the president to seek a deal on a $2 trillion infrastructure bill.
“There is nothing easy about a USA Infrastructure Plan, especially when our great Country has spent an astounding 7 trillion dollars in the Middle East over the last 19 years, but I am looking hard at a bipartisan plan of 1 to 2 trillion dollars. Badly needed!” Trump tweeted Saturday morning.
Trump’s comments came three days after Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Charles Schumer (D-N.Y.) met with him on Tuesday, with Schumer saying after the sit-down that “there was goodwill” on both sides toward crafting a major piece of legislation on infrastructure.
The Democratic leaders, however, cautioned that the parties had not decided on how to fund the $2 trillion package that aims to improve U.S. roads, bridges, waterways and broadband. They will meet again in three weeks to solicit Trump’s ideas on funding.
Despite the rare bipartisan development, Trump still faces stiff opposition from the GOP in his desire for such a sweeping infrastructure package.
The agreement between Trump and Democratic leadership was met with concern from conservatives on Capitol Hill over how the government would pay for the infrastructure plan, with many Republicans voicing resistance to raising taxes to secure the funds….