Posts Tagged ‘infrastructure’

Fiscal Magic: Paying for New Highways by Cutting Corporate Taxes

Does it make sense to fund much-needed roads, bridges, and mass transit with a big tax cut for multi-national corporations? A growing number of Democrats and Republicans seem to think so. But I have my doubts. At first glance, what could be more appealing? At a time when the Highway Trust Fund is grossly underfunded–thanks […]

Japan (Re)Tries Fiscal Stimulus

Last week Japan announced a massive stimulus package designed to jumpstart its slumping economy, which is in the midst of its fifth recession in 15 years. The stimulus initiative, heavy on infrastructure spending and disaster preparedness, includes $117 billion in central government spending. Add in local government and private-sector support and spending could top $200 […]

Obama’s Jobs Plan: Great Theater, Uncertain Policy

When you get right down to it, the jobs plan President Obama proposed before a joint session of Congress last night was built on three elements:  A large payroll tax cut, lots of new spending on public infrastructure, and a promise that its $447 billion cost would be paid for with yet-to-be disclosed tax hikes and […]