NEW YORK, Oct. 27, 2016 /PRNewswire/ -- Private equity investor Wilbur Ross and Professor Peter Navarro of the University of California-Irvine have analyzed the competing plans of Donald Trump and Hillary Clinton to close America's massive infrastructure gap. (See their analysis at: http://peternavarro.com/sitebuildercontent/sitebuilderfiles/infrastructurereport.pdf)
According to Mr. Ross: "Donald Trump's 'America's Infrastructure First' plan will transform America's crumbling infrastructure into a golden opportunity for accelerated economic growth and rapid productivity gains. His deficit-neutral plan targets $1 trillion of investment and creates thousands of new jobs in construction, steel manufacturing, and other sectors to build the transportation, water, telecommunications and energy infrastructure needed to enable new economic development in the U.S."
Peter Navarro added: "Trump's plan will harness market forces to help raise construction funds by incentivizing private sector investors through tax credits – thereby revolutionizing American infrastructure finance. In sharp contrast, Hillary Clinton proposes to finance $500 billion worth of new infrastructure spending over five years by levying stiff new business taxes and creating a national infrastructure bank that will introduce high-risk, sub-prime lending to the government. It's a fool's errand."
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SOURCE WL Ross & Co.