Art Laffer, president of Laffer Associates, explains how additional spending related to coronaviruses could hurt the economy.
The homemade version of the coronavirus stimulus bill contains more than $ 100 million for a metro project in Silicon Valley for which planning has been underway for several years but has not yet started.
Funding for the project, phase two of the Bay Area Transit Authority (BART) expansion, was incorporated into the House Transportation Committee’s section of the bill under a funding provision for “All projects referred to in article 3005 (b) of public law 114-94. having received allocations for the financial years 2019 and 2020 ”, except“ projects open to the revenue service ”.
But there is only one …
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