Ocasio-Cortez: Unlike Infrastructure Spending, Tax Cuts Return ‘a Couple Cents’ for Every Dollar

‘What we’re trying to do is release the investments from the federal government to mobilize those resources across the country’

EXCERPT:

OCASIO-CORTEZ: “So, there is a couple things. One is that I think one way that the right tries o mischaracterize what we’re doing ias though it's like some kind of a massive government takeover. Obviously, what we’re trying to do — obviously, it's not that because what we’re trying to do is release the investments from the federal government to mobilize those resources across the country. How do we get there? It can come across a wide range of things. It could be Tennessee Valley Authority style public programs, but it could also be public-private partnerships, it can work down on a municipal level, there could be some potential contracting involved. So it’s not as though the federal Government will wave and wand and say we’re going to do it ourselves. Secondly, I think one of the big issues, too, is that we have to really address the fact that there has been this broken metaphor of the Government as this one in and one out piggy bank that Republicans like to say applies to Democratic programs, but when it is their turn at the helm, they just cut whatever check they want to cut which is what they did with the tax cut bill. However, the tax cut bill, they lied about in terms of saying it will generate economic activity. We know that for every dollar you cut in taxes you get just a couple cents back. But for every dollar you invest in infrastructure, in building, in jobs, you get more than a dollar back."

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