In a Fox News segment, President Trump’s Transportation Secretary admitted on the air that Trump’s infrastructure plan is a scheme to enrich corporations.
While Secretary of Transportation Elaine Chao — wife of Senate Majority Leader Mitch McConnell (R-Kentucky) — was talking to Fox News’ Sean Hannity about the White House’s plan to invest $1 trillion in American infrastructure, she accidentally let it slip that the ultimate motive behind the proposal was to pad the pockets of powerful multinational corporations, saying the president’s plan was “new and innovative.”
“So, basically, we allow foreign inv—uh, we allow different kinds of money, private sector money to come into the United States—I’m not saying foreign—to come and fund, let’s say a bridge or a road or it can be any kind of infrastructure,” Chao said.
Hannity attempted to make the proposal sound a little more palatable by dressing it up in cleaner terms.
“If I’m hearing it properly, what you’re saying is, for example, if a company were to rebuild a road, they might get their investment back by having a toll on that road and that’s where the taxpayers don’t pay a penny, they make a profit, it’s a win-win?” Hannity asked hopefully. “Something like that?”
The man who oversaw the implementation of President Obama’s American Recovery and Reinvestment Act — the infrastructure revitalization program that Obama signed into law as one of his first priorities in office — wrote in the Washington Post that Trump’s infrastructure plan was a “trap,” as it simply gives private contractors a massive tax cut for investing in projects that are already underway:
The Trump plan doesn’t directly fund new roads, bridges, water systems or airports, as did Hillary Clinton’s 2016 infrastructure proposal. Instead, Trump’s plan provides tax breaks to private-sector investors who back profitable construction projects. These projects (such as electrical grid modernization or energy pipeline expansion) might already be planned or even underway. There’s no requirement that the tax breaks be used for incremental or otherwise expanded construction efforts; they could all go just to fatten the pockets of investors in previously planned projects.
Watch the segment below:
Kevin Wallace is a journalist with five years’ experience in print and digital media, and covers politics, media, and culture for the Resistance Report. He lives in Tallahassee, Florida.