The Big Infrastructure Program and Tax Policy
Republicans senators and members of Congress will probably vote unanimously against the 2.3 trillion dollar infrastructure and remedial spending legislative package advanced by Democrats. They will say it’s too expensive. They didn’t say the 1.9 trillion dollar tax cuts primarily for the rich and especially for the super rich they rammed through in 2017 after Trump took office was too expensive.
The proposed infrastructure expenditures this year are for much needed investment in our country that will yield a high rate of return and will benefit everyone. A good way to finance it would be to reverse the tax cuts primarily for the rich and especially for the super rich of 2017. And this should be just the beginning of instituting a more progressive tax policy if we are to strengthen our country and reverse the longterm trend toward ever greater income inequality.