Dems propose the''Rebuild America Jobs Act'' and .7% tax on millionaires.

[Jacobtm]

Democrats said Friday they’ll turn to a separate jobs bill that will provide funding to rebuild roads, bridges and airports, and create a national infrastructure bank that would leverage private and public capital to finance projects.

Like other Democratic jobs bills, the infrastructure legislation will be paid for by taxing the wealthy – in this case, a 0.7 percent surtax on modified adjusted gross income in excess of $1 million a year.

http://www.politico.com/news/stories/1011/66557.html

I live near the Tappan Zee bridge. It was built in 1955, to last 50 years (until 2005). They never expected it to handle the amount of traffic it currently gets.

Would be nice to build a new bridge to replace it, before it falls down.

[Jacobtm]

I live near the Tappan Zee bridge. It was built in 1955, to last 50 years (until 2005). They never expected it to handle the amount of traffic it currently gets.

Would be nice to build a new bridge to replace it, before it falls down.

then why doesn't the Port Authority, or MTA, or your state issue bonds and do what is necessary?

Of course the Federal Government will NOT pay the entire cost. Being part of the interstate highway system, Federal, State, and Local authorities will share the cost.

Our governor, in case you haven't noticed, is focused on cuts cuts cuts to the NY budget. He is trying to build up his fiscal responsibility bona-fides, so he won't allow NY to foot the entire bill, which would certainly put us in more debt.  

Avoiding new debt with a .7% tax on millionaires sounds quite fiscally responsible.

[Jacobtm]

Avoiding new debt with a .7% tax on millionaires sounds quite fiscally responsible.

if you believe constantly getting a free ride off of others is going to make you fiscally responsible, then you'll end up joining the Occupy movement protesting the fact that you put yourself into debt by making dumb choices.

The millionaires are the ones getting a free ride on the back of society.

The dumb choice we made that put us into such debt was the ridiculous tax-cutting for the wealthy that has been going on since Reagan.