Sen. Bernie Sanders (I-Vt.) just dropped a bombshell, exposing President-elect Donald Trump’s plan on infrastructure as a “scam” and “corporate welfare.”
“Trump would allow corporations that have stashed their profits overseas to pay just a fraction of what the companies owe in federal taxes. And then he would allow the companies to ‘invest’ in infrastructure projects in exchange for even more tax breaks,” the Vermont senator wrote in an article posted to Medium on Monday.
“Trump’s plan is corporate welfare coming and going,” he added.
Trump has cited his infrastructure plan as a top policy area for his presidency, naming it as a priority in his first 100 days. But details about how the plan would actually be paid for remain unclear, though it seems hinged on providing massive tax credits to potential investors.
Also, there’s the potential conflict of interest as his children’s companies could receive millions of taxpayer dollars in government contracts in connection with Trump’s infrastructure plan.
New York Times columnist Paul Krugman wrote in his Sunday column that given the Trump’s business record, it’s safe to assume the infrastructure plan is a scam until proven otherwise.
“If you want to build infrastructure, build infrastructure,” Krugman wrote. “It’s hard to see any reason for a roundabout, indirect method that would offer a few people extremely sweet deals, and would, therefore provide both the means and the motive for large-scale corruption.”