Mayor Pete unveils $1 trillion infrastructure plan
Mayor Pete Buttigieg?s proposed infrastructure plan would provide $1 trillion to build new roads, transit, and other infrastructure, including dedicating $150 for public transportation. | Shutterstock
Buttigieg?s proposal focuses on opportunity, equity, and empowerment. Democratic presidential candidate Pete Buttigieg announced a plan this morning to spend $1 trillion on infrastructure over 10 years, framing the proposed investment in the nation?s buildings, transportation, and workforce as a way to both create jobs and build more sustainable, resilient communities.
Self-defined as a plan focused on opportunity, equity, and empowerment, Buttigieg?s proposal is a nod to his experience as South Bend mayor, a bid to both repair broken roads and build out 21st century infrastructure such as high-speed internet, as well as an implicit rebuke of President Trump?s failed infrastructure ambitions. A Buttigieg spokesperson told Curbed the plan would be paid for by a variety of measures, including reforming the capital gains tax, repealing the Trump tax cuts, and raising the estate tax (lowering the exemption, the threshold above which the estate applies) while cracking down on estate tax loopholes. The estate tax changes alone are projected to raise $400 billion over 10 years.
?The current administration has been incapable of keeping its promise to pass major infrastructure legislation, and critical projects around the country are stalled because of it,? a statement announc...
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