In response to President Trump’s infrastructure plan released in February, Senate Democrats have released the “Jobs & Infrastructure Plan for America’s Workers.” The new plan proposes $1 trillion in total federal spending, compared to Mr. Trump’s $200 billion. Unlike the President’s proposal, the Democrats’ infrastructure plan includes $62 billion for neighborhood revitalization, lead remediation, affordable housing, and disaster recovery.
The Democrat’s plan includes increased funding for public housing capital investments, the HOME Investment Partnerships Program, the national Housing Trust Fund, the Low Income Housing Tax Credit, Choice Neighborhoods, Community Development Block Grants, USDA’s Rural Housing Service rental housing and homeowner assistance programs, and the Indian Housing Block Grant. The proposal also contains $25 billion to help communities rebuild following 2017’s disasters and build more resilient communities to reduce future devastation. The Senate Democrats propose several tax changes, including increasing top marginal tax rate for individuals to its previous 39.6% and the corporate tax rate to 25% (from 21%) to help finance the investment.
Read the full proposal at: http://bit.ly/2IcRKbk