Monday, February 2, 2015

Um. . . Told Ya'!

Well, that didn't take very long.

Yes, even the Gray Lady thinks the infrastructure bonds idea has new legs -- on both sides of the aisle too. Check it:

. . . .But buried in the budget are kernels of proposals that could take root with a Republican Congress. . . . Both understand that the highway trust fund will once again reach empty in June, making its replenishment — and the revitalization of the nation’s crumbling infrastructure — priorities for the coming year. . . .

The president wants to spend $478 billion on transportation and infrastructure over six years, more than one-third above the current spending rate and a 75 percent increase for mass transit. Half of that money would come from the current taxes on gasoline and other fuels. Another $238 billion would come from the one-time surge of taxes as corporations are forced to pay 14 percent on profits now parked abroad. . . . The White House wants that proposal to be part of a much larger plan to change the way businesses are taxed and lower the corporate tax rate from 35 percent to 28 percent — 25 percent for manufacturers. . . .

We will keep watching -- and watching, closely. This could be a multi-billion dollar tax saving opportunity -- for Kenilworth (and Cupertino).

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