Dragonlady
Designing Woman
- Dec 1, 2012
- 53,108
- 31,141
I couldn't read your link because I'm not a subscriber, so I googled it. It doesn't sound like a great idea, using an "infrastructure bank."Here is the GOP songbook from 2011:
NATIONAL INFRASTRUCTURE BANK: MORE BUREAUCRACY AND MORE RED TAPE
I remember during the campaign that Trump and a few other people mentioned getting private companies to invest in infrastructure, helping to pay for projects. I can't imagine why a road construction company would want to "invest" in repaving a highway. Do you know what they were talking about?
Yes. I read up on this. Companies could sponsor/pay for infrastructure improvements and get a tax credit for doing the work. They would also get to deduct the cost of materials and labour as a business expense so, in essence, they got double tax credits for such projects. What company wouldn’t want to do one of these projects?
Not only would companies get double tax credits for these projects (not well thought out), but the donor corporations would also get to pick the project. So paving or repairing access roads or bridges to their own plants and facilities would qualify for this double dipping, even if local councils think these are low priority repairs.