The new Democratic infrastructure plan is out. Cenk Uygur and John Iadarola, hosts of The Young Turks, discuss. Tell us what you think in the comment section below. http://www.tytnetwork.com/join
"Senate Democrats on Wednesday proposed undoing some of the tax cuts in the law President Trump signed in December in order to pay for a $1 trillion infrastructure plan.
“Rather than cutting existing infrastructure projects to pay for a paltry program, we want to roll back the Republican tax giveaways to big corporations and the wealthy and invest that money instead in job-creating infrastructure,” Senate Minority Leader Charles Schumer (D-N.Y.) said at a news conference.
Democrats have been talking in recent weeks about their desire to repeal parts of the new tax law that benefit wealthy individuals and corporations if they take back control of Congress. The plan announced Wednesday provides details about what changes Democrats would make to the law.
Senate Democrats are proposing reinstating a top individual tax rate of 39.6 percent, which was lowered to 37 percent under the new law. They also say they want to increase the corporate tax rate from 21 percent under the new law to 25 percent. The corporate tax rate under the old code was 35 percent.”*