Bloomberg.com: on Technology

Mike Bloomberg: Raising deficits constrains federal infrastructure spending

The tax bill [passed by Congressional Republicans and signed by President Trump in December 2017] does nothing to address these challenges. In fact, it makes each of them worse.

INFRASTRUCTURE: Restricting state and local tax deductions will also mean less local investment for infrastructure, and by raising deficits, the bill will constrain federal infrastructure spending. Our airports, railways and roads are in desperate need of modernization, and our energy grids are vulnerable and inefficient. Yet spending on those and other needs, which acts as a catalyst for private investment, will become more difficult.