Tags: 2020 Elections | Donald Trump | klobuchar | trump | infrastructure | taxes

Klobuchar Outlines $1 Trillion Plan for US Infrastructure

amy klobuchar
Sen. Amy Klobuchar (Charlie Neibergall/AP)

By    |   Thursday, 28 March 2019 09:04 AM

Sen. Amy Klobuchar Thursday outlined a $1 trillion infrastructure plan that would put extensive focus on the nation's bridges, roads, and more, saying that the work could be financed through changes to the Republican business tax cut plan that she believes went "way too far."

"[President] Donald Trump has put out a mirage," the Minnesota Democrat and 2020 presidential candidate told MSNBC's "Morning Joe." "He claims he wants to do something on infrastructure and has identified maybe $200 billion at most."

Klobuchar said her plan addresses bridges, roads, rail, public transit and "doing something" about the nation's water infrastructure, including on locks and dams, in the wake of extensive flooding in the Midwest states.

She also is proposing completing broadband services in the nation's rural areas by 2022 through her plan.

The senator said her plan would be funded, in part, by raising corporate tax rates of 21 percent passed in 2017 back up to 25 percent, to "save about $400 billion that you could put into infrastructure."

In addition, other $150 billion could be brought in by changing "the way that they did the overseas taxes," said Klobuchar. "I have a number of other ways to pay for this that brings us to a trillion."

Klobuchar outlined the seven-point plan in a Medium post that called for channeling $650 billion in federal funding into the plan, as well as in returning the Obama-era's "Build America Bonds."

She also said in her plan that she wants to do "something real about climate change," without listing specifics about what that would involve.

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Sen. Amy Klobuchar has outlined a $1 trillion infrastructure plan that would put extensive focus on the nation's bridges, roads, and more, saying that the work could be financed through changes to the Republican business tax cut plan that she believes went "way too far."
klobuchar, trump, infrastructure, taxes
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2019-04-28
Thursday, 28 March 2019 09:04 AM
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