Raising taxes will create jobs: AFL-CIO chief
Such economic illiteracy is unusual, even for a labor union chief:
What's the best way to get Americans back to work?Raise taxes, according to AFL-CIO President Richard Trumka. Specifically, he wants to raise the federal gas tax as a means to fund infrastructure spending. "We need a dedicated source of revenue to create infrastructure in this country," he tells Aaron Task in the accompanying clip.
"We need to create jobs. The best way to do that is through infrastructure development." Simply maintaining the existing infrastructure in this country will cost $2.2 trillion over five years, according to the American Society of Civil Engineers. That doesn't include Obama's objective of high-speed rails and green energy projects.
Trumka didn't say specifically how much he would raise the gas tax, but mentioned he's shown the President a $256 billion plan to improve infrastructure. If every billion spent on infrastructure creates 35,000 jobs, as he claims, this package would create close to 9 million jobs over the next five years.
The idea would also improve America's fiscal and competitive future, says Trumka. "There's also a downstream effect, you put people back to work, they pay taxes, they don't use services, they're contributing, other jobs are created along the way as well," he explains.
Only the most liberal of Democrats - by definition, the least knowledgeable of how our economy works - believes that raising taxes will create jobs. And considering that the price of a gallon of gas is about to go through the roof because of the turmoil in Libya, raising the gas tax would probably force many Americans to quit their jobs because their commutes would become so expensive, it wouldn't be worth it.
Someone send Trumka a copy of "Wealth of Nations."
Ad Free / Commenting Login
FOLLOW US ON
Recent Articles
- The Danes and the Greenlanders: How They See Trump's America
- The USAID Case: Judge Amir Ali’s $2 Billion Defiance Escalates
- Terrifying Tariffs: Tax Policy as Back-Door Foreign Aid
- Dr. Marty Makary’s ‘Blind Spots’ Book Is At Odds With Established Findings
- Reforming the Kennedy Center
- Is ActBlue a Criminal Enterprise?
- America’s New Tough Love Foreign Policy
- Democrats Stand for Ukraine but Sit for America
- A Friend for Trump in Italy
- Trump’s Digital Fort Knox: Bitcoin, the Dollar, and America’s Financial Future
Blog Posts
- Oregon selects a trans-turtle and a trans-meteor to sit on a ‘mental health advisory board’
- Fly the DEI skies...and hope that you land safely
- This 70-year-old woman is serving 9 years in prison
- Stacey Abrams really, really, wants 'her' $2 billion from Biden's EPA slush fund
- The (un)masked magician’s apprentice
- Schumer’s attempted shutdown will backfire bigly
- The Democrats are so passionate ...
- Biden and the U.S. Steel case
- Jay Bhattacharya's promise on vaccine safety
- MAGA moon over Greenland?
- Trump must designate the Muslim Brotherhood a terrorist organization
- A Democrat member of the House has a breakdown over biological reality
- Who murdered Jamie White?
- Surprise! Greenland election goes Trump's way
- New report: Civilians stop more active shooters than law enforcement