THE FACTS: Cutting rules and regulations doesn't address what's holding up most transportation projects, which is lack of money. The federal Highway Trust Fund will run out of money in August without action. To finance infrastructure projects, Obama wants Congress to raise taxes on businesses that keep profits or jobs overseas, but that idea has been a political non-starter.
The number of projects affected by the administration's efforts to cut red tape is relatively small. [One pundit says], "It's great that you are expediting the review process, but the review process isn't the problem. The problem is we don't have enough money to invest in our infrastructure in the first place."
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| 2016 Presidential contenders on Technology: | |||
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Republicans:
Sen.Ted Cruz(TX) Carly Fiorina(CA) Gov.John Kasich(OH) Sen.Marco Rubio(FL) Donald Trump(NY) |
Democrats:
Secy.Hillary Clinton(NY) Sen.Bernie Sanders(VT) 2016 Third Party Candidates: Roseanne Barr(PF-HI) Robert Steele(L-NY) Dr.Jill Stein(G,MA) | ||
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