Stimulus Plan Into Action News Today

Dont do it. its a trap. and joining us now is the white house aide who put president obamas stimulus plan into action. being with us tonight. explain to us what you meant by stay away, its a trap. >> well, it is a trap because its not really an infrastructure plan. to investors in the construction industry, the utility industry. it doesnt do anything to fix our municipal water systems, to fix bridges that dont charge a toll, to do the work we need to do. investors in for-profit projects and a hu...

Its in the a plan to borrow $1 trillion and spend it on much needed projects which would be the straightforward obvious thing to do. instead trumps plan would have private investors do the work both of raising money and building the project with the aid of a huge tax credit that gives them back 82% of the equity they put in. and the man who helped implement president obamas infrastructure initiative says its not so much a plan as it is a tax cut for utility industry and construction tax structur...

Needed projects which would be the straightforward obvious thing to do. instead trumps plan would have private investors do the work both of raising money and building the project with the aid of a huge tax credit that gives them back 82% of the equity they put in. and the man who helped implement president obamas infrastructure initiative says its not so much a plan as it is a tax cut for utility industry and construction tax structures. dont do it. its a trap. and joining us now is the white h...