For example, imagine a private consortium building a toll road for $1 billion. Under the Trump plan, the consortium might borrow $800 billion while putting up $200 million in equity — but it would get a tax credit of 82 percent of that sum, so that its actual outlays would only be $36 million. And any future revenue from tolls would go to the people who put up that $36 million.
That’s both the New York Times and also Paul Krugman.
And it’s not just the billion bit either. WTF does he mean future toll revenues go to the capital owners? Operating costs first, debt second, only the rump of revenue goes to capital.
Has he let his wife write this one?