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Thursday
March 2017
11:42 AM IST
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BUSINESS NEWS
Trump pledges $1 trillion to rebuild infrastructure
 
Washington, Mar 1 (AFP) US President Donald Trump today pledged to bring one trillion dollars in public and private investment to rebuild what he called America's crumbling infrastructure.

Trump made the promise in a highstakes speech to a joint session of Congress, moving to make good on one of his main campaign pledges rebuilding America's roads, bridges, airports and other public structures.

"To launch our national rebuilding, I will be asking the Congress to approve legislation that produces a USD 1 trillion investment in the infrastructure of the United States financed through both public and private capital creating millions of new jobs," Trump said.

He gave no details on how the money would be spent.

Trump said the United States had spent six trillion dollars in the Middle East he did not say on what or over what time period while US infrastructure deteriorated.

"With this six trillion dollars we could have rebuilt our country twice. And maybe even three times if we had people who had the ability to negotiate," Trump said, reiterating his argument that his new administration will be better than previous ones at defending US interests when it comes to making a deal.

Again without giving details, Trump promised to introduce a "historic" tax reform.

He said this will cut corporate taxes on US companies "so they can compete and thrive anywhere and with anyone. At the same time, we will provide massive tax relief for the middle class."

He also repeated a promise to impose taxes on imports of foreign products so as to protect US industry.

"Currently, when we ship products out of America, many other countries make us pay very high tariffs and taxes but when foreign companies ship their products into America, we charge them nothing or almost nothing," Trump said.

He said he had a recent meeting with officials from HarleyDavidson who, he said, told him their motorcycles, in one particular unnamed country, are slapped with 100 percent taxes.

"They weren't even asking for change. But I am," Trump said. "I believe strongly in free trade but it also has to be fair trade.


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ENTERTAINMENT
"Frustrated netizens criticize senior film makers like me"
 Veteran Malayalam film maker Sathyan Anthikkad had to endure harsh criticisms from online platforms following the release of his latest movie 'Jomonte Suvisheshangal'.  
Renji Panicker delighted over the success of 'Raees'
Jackie unbeatable, never tired: Sonu Sood
Hrithik Roshan inspired by 'Raees'
FEATURE NEWS
Mundrothuruthu: A Disappearing Fertile Island
 Mundrothuruthu is an island Village in Chittumala Taluk in Kollam District of Kerala State, India. It is today a village now on the verge of sinking, getting swallowed by water and disappearing from the face of the earth.
Pregnant women constrained to give birth on public road sides
Infants deprived of life due to feeble health of mothers
Wailing songs of death pervade Attappady
SPECIAL NEWS
Cool-headed duck becomes latest Internet sensation !
 Tigers are fierce animals. But, a tiger of Australia's Symbio Wildlife Park had to give up all his efforts to get hold of a duck.
Kalolsavam 2017: Manju steals the limelight
A sparkling gem of an artist
7 steps to beat childhood obesity
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