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Trump and Amtrak/Budget cutting funding


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#521 A Voice

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Posted 11 July 2017 - 07:13 PM

 

 

Welp, Donald Trump has now cut the funds for the Gateway Project and many other upgrades for the Northeast Corridor! What is the matter with him?!

 

Source please?  Because the President doesn't have that authority, and his proposed budget was DOA in Congress.  

 

A quick check of the day's news revealed this article ($900 million slated for Gateway, if approved):

 

http://www.northjers...trak/467350001/

 

Here you are.

 

http://www.nydailyne...ticle-1.3298435

 

 

The DOT has withdrawn from the corporation overseeing the Gateway project; That doesn't mean that funding has been eliminated (nor yet approved).  Granted, the Trump administration is not seeking to endorse many agreements and obligations made by his predecessor, and there is no doubt much political horse trading yet to come, but it is simply not true that "Trump has now cut the funds for the Gateway Project"  

 

From:  http://www.amny.com/...ects-1.13780303

 

 

A DOT spokesman elaborated in a statement that the federal agency decided to leave the corporation “as a procedural matter to avoid potential conflicts” and to ensure “there is no appearance of prejudice or partiality in favor of these projects ahead of hundreds of other projects nationwide.” It is not indicative of the federal government’s support of the project, the spokesman said.

“The decision to resign from the Board should not be misinterpreted as any form of decision about the multiple individual projects promoted by the Gateway Development Corporation,” the DOT spokesman said.



#522 Rover

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Posted 16 July 2017 - 10:39 PM

The DOT has withdrawn from the corporation overseeing the Gateway project; That doesn't mean that funding has been eliminated (nor yet approved).  Granted, the Trump administration is not seeking to endorse many agreements and obligations made by his predecessor, and there is no doubt much political horse trading yet to come, but it is simply not true that "Trump has now cut the funds for the Gateway Project" 

 

Yes, Much.

 

horse-trading.png


I think it is absolute mythology that there's any national system that is profitable. And I think the naysayers just have to get over it. ~ Amtrak President Alex Kummant ~ June 2008

 

I've ridden Amtrak on:
 
~ The Empire Builder 1981 ~ The Coast Starlight 1981 ~ The Texas Eagle ~ The Sunset Limited ~

Videos: HD Moods ~ Trains * Scenic National Parks ~ Great Train Rides * All Aboard ~ Great American Railroads 

Books: Time-Life - The Old West ~ The Railroaders * Rail Ventures - 4th Edition 


#523 DSS&A

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Posted 17 July 2017 - 11:41 AM

For a short time in the 1990s, the Federal Government allocated transit agencies to do a lease-lease back financial arrangement to lease their long term new equipment (passenger cars) to there organizations who paid BIG money to utilize the depreciation tax write-off. The Feds stopped it because they started loosing too much tax revenue. 

A new version of this lease-lease back law could be enacted to help finance around 50-65 percent of new passenger cars and still not have the Feds "loose too much tax revenue". Amtrak could then use other financing to pay for the remaining costs. Bridges also have a long enough lifespan and a large enough cost for a lease-lease back depreciation write-off.

This type of financial arrangement would probably be received well by the current administration because it would get private capital funds to pay for new infrastructure.

#524 Rover

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Posted 18 July 2017 - 06:26 PM

For a short time in the 1990s, the Federal Government allocated transit agencies to do a lease-lease back financial arrangement to lease their long term new equipment (passenger cars) to there organizations who paid BIG money to utilize the depreciation tax write-off. The Feds stopped it because they started loosing too much tax revenue. 

A new version of this lease-lease back law could be enacted to help finance around 50-65 percent of new passenger cars and still not have the Feds "loose too much tax revenue". Amtrak could then use other financing to pay for the remaining costs. Bridges also have a long enough lifespan and a large enough cost for a lease-lease back depreciation write-off.

This type of financial arrangement would probably be received well by the current administration because it would get private capital funds to pay for new infrastructure.

 

Like this??

 

Full-train-McDonald.jpg


I think it is absolute mythology that there's any national system that is profitable. And I think the naysayers just have to get over it. ~ Amtrak President Alex Kummant ~ June 2008

 

I've ridden Amtrak on:
 
~ The Empire Builder 1981 ~ The Coast Starlight 1981 ~ The Texas Eagle ~ The Sunset Limited ~

Videos: HD Moods ~ Trains * Scenic National Parks ~ Great Train Rides * All Aboard ~ Great American Railroads 

Books: Time-Life - The Old West ~ The Railroaders * Rail Ventures - 4th Edition 





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