Incapacitated Infrastructure

 While the US desperately needs better infrastructure, the current White House plan will not work. The proposal relies way too much on already financially pinched state and local governments. Moreover, rising interest rates make borrowing more costly, lower personal income tax rates make purchasing municipal bonds less advantageous to the wealthy, and deductibility caps on state and local taxes make raising taxes to pay off the bonds much more difficult.

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  1. Chip Nelson says:

    In addition construction cost are going through the roof due to a serious shortage of labor and rapidly rising material costs.

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