Agree to increase income tax rates for those making over $250,000; however, instead of trusting the government will actually pay down the debt with the additional money, legislate that three things: 1) The $823 billion estimated 10 year revenue is all put toward fixing and expanding our infrastructure, at $823 billion per year. All projects would be required to go to the most cost effective bid, with no union preferences, 2) the president signs off on the Keystone pipeline and 3) for $823 billion in new revenue, Congress and Pres. Obama provide $2,469 trillion in real spending cuts (3-1 spending cuts).
Infrastructure spending will stimulate job creation and allow for greater competitiveness and productivity. Instead of allowing this increased revenue to go down an Obama black hole, it could be directed toward modernizing our infrastructure so at least we would have something to show for it. According to the CBO, “From 2008 to 2011, total government spending on surface transportation infrastructure – highways, mass transit, and passenger rail – surpassed $200 billion a year,” with just over $50 billion of that coming from the federal government.
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