"Trump’s infrastructure plan is the exact opposite of what we should be doing as a nation. Instead of creating more tax giveaways to corporate America and Wall Street, we should be eliminating tax loopholes that allow profitable corporations to stash their cash in offshore tax havens around the world. And we should be using this revenue to directly invest $1 trillion to modernize our nation’s infrastructure – a plan that would put 15 million Americans back to work in good-paying jobs," U.S. Senator Bernie Sanders.
An excerpt:
In 2008, the city of Chicago sold the rights to its parking meters to Morgan Stanley for more than $1 billion. Over the next four years, the city’s parking rates skyrocketed by 800 percent.
In 2011, Virginia entered a 58-year contract with a private company to manage the tolls of the city of Norfolk’s midtown tunnel. The private operator jacked up tolls with a pricing scheme that gave low-income drivers bills as high as $18,000.
These stories are highlighted in a new report from Sen. Bernie Sanders (I-VT), set to be released later on Wednesday, intended to warn of the dangers of President Donald Trump’s proposed infrastructure plan.
Like the Senate Democratic caucus, Sanders has embraced the idea of a big infrastructure spending bill to repair the nation’s roads and bridges. But, also like Senate Democrats, Sanders opposes the "public-private partnerships" Trump has proposed to accomplish this objective.
By Jeff Stein
