Financing Infrastructure Projects Without Raising the National Debt and Lowering Income Tax Bills for Investors

     There is a way we can finance the critically needed infrastructure projects in the USA, not raise the National Debt, and reduce citizens & corporations income taxes by 20%.   See more below.  Ask your banker about this, or send an e-mail to:

     NOTE:  Do not invest with a bank saying they are authorized and certified by Will Griffin, unless you see a link to their bank on an!  Unless they have gone through my training and they are using my copyrighted documents, you could lose your investment with them.  This could be similar to what happend in 2008 with the banks going under due to subprime mortgages, which led to the "Great Recession", where the taxpayers had to bail-out the banks and the first thing they did was give their CEO and other Sr. staff millions of dollars in bonuses.

     I am NOT a financial advisor (CFA), tax professional or a CPA, therefore you need to consult your own or have them contact me. Therefore, I cannot answer e-mails from taxpayers to give advice.

     Infrastructure Financing Program General Outline General Outline of the current situation and benefits of the proposed solution by William T. Griffin (

The Issues and the Needs:

1. Business Insider and other sources have reported in the Spring of 2017 that the USA will need $3.6 Trillion by 2020 to repair it's infrastructure. These costs have naturally increased.

2. The American Society of Civil Engineers rates USA infrastructure as a D+ and estimates we will need to make an investment of $4.5 Trillion by 2025.

3. The estimates made for the trillions of dollars needed for urgent investments is for infrastructure repairs only and does not include:
    a) Expansion of capacities and cyber-security of the electricity grid;
    b) Expansion of broadband, networks and other telecommunications for increased capacities needed and for expansion for rural accessibility;
    c) Water treatment facilities expansion;
    d) Sewage treatment facilities expansion;
    e) Storm water abatement to keep hydrocarbons (roadway runoff) and other contaminates out of sewage treatment facilities;
    f) Solid waste management facilities expansion (capacities & number of facilities)
    g) Hazardous waste management facilities expansion (capacities & number of facilities)
    h) Dams, levies, and other flood control projects, with the increase in both severity and incidents of flooding;
    i) New roads, bridges and overpasses construction to keep pace with expanding traffic usage and demands;
    j) High-speed rail lines for passengers and shipping;
   k) Mass transit (busing) projects;
    l) Expansion of airports and their capacities;
  m) Expansion of sea ports and their capacities;
   n) Replacement and expansion of hospitals and facilities for U.S. Veterans;
   o) Replacement of public school buildings;
   p) Construction of new public school buildings;
   q) Expansion of public use areas, such as parks and other recreational facilities;
   r) Expansion of industrial and other commercial facilities for increased commerce;

The Problem:

1. The U.S. Currently has national budget deficits and a National Debt of $21 Trillion.

2. Of the $21 Trillion in the National Debt, 19% is held by foreign nations, including a) China ($1.8 Trillion) b) Japan ($1.03 Trillion) c) Brazil ($300 Billion) d) Ireland ($300 Billion) e) United Kingdom ($275 Billion)

3. The Trump Administration is proposing $1.5 Trillion in infrastructure investment over a 10 year period. We need more than twice this just for repairs ($600 Billion more) by next year.

4. The Trump Tax Law of 2017 gave 1.5 Trillion in annual tax cuts, mostly to the wealthy and large corporations (wealthy & corporate tax reductions are permanent, while taxes on the Middle Class are temporary by design).

5. The Trump Infrastructure Plan doesn't generate the funds needed by 2020, much less 2025 for repairs only (only 30% of what is necessary and over a 10 year period).

6. The Trump Administration apparently does not have a feasible or viable plan for financing infrastructure projects. When you consider that President (then candidate) Trump campaigned upon an infrastructure project of building a wall along the entire Mexican border and he would have Mexico pay for it, gives evidence that the Trump Administration not only doesn't have a plan for the infrastructure of the USA and how to pay for it; but sadly, he obviously doesn't have a clue.

7. The Congressional Democrats Infrastructure Plan isn't much different, nor much better than Trump's and it proposes to raise federal taxes back to pre-2017 levels.  See:

8. The national tax rate for fuel taxes will have to be raised by a minimum of $.25/gallon and is more like $.50/gallon.

9. States, counties and municipalities will have to fill the deficits and they are already facing budget shortfalls and deficits.

10. States, counties and municipalities will have to increase their taxes on the general taxpaying public whether they be income taxes, property taxes, and sales taxes.

11. These state, county and municipal taxes will have to be borne by the average taxpayers, who although got some tax breaks by the 2017 Trump Tax Law, which is only a temporary tax break.

12. The taxpayers on the whole will see increases in their various forms of taxes, with both Republicans and Democrats at the state, county and municipalities level, thus negating the tax reductions of the Trump Tax Law of 2017.

13. These state, county and municipal increase in taxes only covers repairs and not the needs to increase capacities.

The Solution:

1. There is a way to pay for infrastructure projects, without raising the national debt.

2. We could immediately raise a lot of funds for shovel-ready infrastructure projects, if we follow existing 12 U.S.C & 26 U.S.C. statutes, and make these P3 infrastructure notes tax-deductible and the interest earnings (tied to T-bill rates). Most infrastructure projects are financed privately, with about $416 billion in federal funds according to the CBO.

3. Companies have $4 Trillion of funds off-shore that if they repatriate these under Trump's Tax Law of 2017, the tax rate is 21%, but there is a way they would not be taxed but instead have tax-deductions and tax-exempt interest earnings.
    a) This would save companies $840 billion in corporate taxes
    b) When adding 3% tax-exempt earnings, this would be an additional $120 billion.
    c) The total amount companies would generate would then be $960 billion.
    d) With this investment, there would be an economic multiplier effect and stimulation of over an additional $1 Trillion.

4. The average participating taxpayer can reduce their federal income taxes by 20% or more as these investments are currently tax-deductible and the interest earnings are tax-exempt, by simply having their income tax withholding going into a bank account to acquire Infrastructure Notes.
     a) The average taxpayer has an income of $59,039 (according to US Census Bureau).
     b) The average tax rate in the USA is approximately 14% or according to the IRS
     c) The average withholding is $31% or $18,302.09
     d) Investment into infrastructure notes of 20% these withholdings would reduce the gross income to $40,737 and 14% average taxes paid would be $5,073.06
    e) This would save the average taxpayer $13,461.00
     f) If payroll taxes (FICA) were exempt from deductions this amount would be at the average rate of 6.9% (Source IRS) this amount for SS and Medicare would be $5,073
    g) Even adding the non-exempt FICA (6.2%), the savings for the average taxpayer would be $8,388, which in itself would prove to be an economic stimulus.
    h) About thirty million (30M) taxpayers found out that instead of receiving the expected tax refunds they have enjoyed for years, they received less refunds and some owed thousands of dollars.
    i) Added to this would be the tax-exempt interest earnings of 2% of $18,302 or $366.00 (based on a 10-year T-bill rate of about 3%, giving the issuing bank a 1% yield for profit. Currently the average savings account yields between .01% (Wells Fargo) and .06% (Bank of America)
   j) With the Federal Reserve raising interest rates, the rates for mortgages, auto loans and credit cards will increase. The Fed is projecting raising the rates again .25% in December, 2018 with three (3) more .25% raises in 2019. Thus, a 3% tax exempt interest earnings offsets these interest rate increases by the Federal Reserve Bank.

5. For other government services, such as military spending, federal law enforcement, and other federal government expenses and services, the 11% of the average witholdings, based upon the average gross income of U.S. taxpayers, or an amount of $6,494 would still apply, as would all existing deductions/exemptions to adjust gross income.

6. Although not necessary due to existing statutes, the U.S. Code could have some modifications per 12 U.S.C. Ch. 47 and 26 U.S.C. notably §103. These can be and should be easily addressed by members of congress and the Trump Administration in a bi-parisan/non-partisan basis, for the needs for infrastructure maintenance, expansion and the financing of these knows no party or allegiance to any. The FICA issue could also be considered to be a non-exempt amount, based on the gross income of the taxpayer.

7.  If there is any changes to the tax code, it should be to restore the deductions for State and Local Taxes (SALT) to the pre-2017 Trump Tax plan levels and then no need for the tax increases proposed by the Democrats to pre-2017 levels. 

    This would offset any increases in SALT which must be borne by the taxpayers for revenue generations at these political subdivision levels, as the result of the reductions in federal revenue sharing.  This then would make the tax increases at the local level to be net neutral at the federal level for the taxpayers.  Remember, this loss or cap on SALT was done to offset the $1.5 trillion in deductions given to corporations and the wealthiest 1% by Trump.

    If the Democratic majority proposes this restoration of SALT deductions, it can be truthfully said it is a federal 'tax cut'.  The G.O.P. champions tax cuts, therefore there is no way politically they can object, or instead of protestors amassing outside their offices, they would have something akin to the peasants with torches and pitchforks storming Capital Hill like it was Castle Frankenstein.  Therefore, this would be bi-partisan and Trump not dare veto it.

8. There is no need to create a bureaucracy or an infrastructure to process infrastructure financing, for we could use the existing banking system to establish P3 type of notes (with SPE/SPV rentities) thus having a 'bank within a bank'. Currently, according to the CBO, the USA annually spends $416 billion on infrastructure, as most of these investments are already currently undertaken with private investments.

9.. This infrastructure financing plan will help Americans to build savings. According to Bankrate and many other sources have reported that 44% of taxpayers have less than $500 available per emergency savings and 67% have less than $1,000. These infrastructure notes would then become their own form of currency, which then could be used to be sold, or hypothecated by the holder.

10. We could immediately begin on our most urgent element of infrastructure projects, namely energy (electric grid, grid enhancement, cyber-security of the electrical grid, renewable energy sources and products to compete with China). Without energy, no other projects are feasible.

11. We immediately would have enough money for the other major infrastructure needs (i.e. water, sewage, waste water, flooding control, roads & bridges, mass transit, schools, ports & airports, economic development, etc.)

12. The state, county and local communities could quickly see an increase in employment and subsequent tax revenues and economic development.

13. The increase in available financing will make many now shovel-ready projects an immediate reality, when they have been neglected for so long due to budgetary constraints.

14. With the creation of jobs at a minimum of $15/hr. with benefits (notably health care) this will increase the number of people with health insurance, thus by then spreading the risks to insurers, health care premium costs potentially could be significantly reduced.

15. If investors, notably foreign investors, exchanged their T-bills for corresponding “Infrastructure Notes”, to spread/lower their risks, then for each dollar exchanged, the National Debt would decrease $1 for $1. Thus, if foreign investors exchanged $5 Trillion of T-Bills, then the National Debt would be lowered by $5 Trillion, which potentially could re-establish the credit rating from Aaa back to AAA.

16. The plan for financing infrastructure projects, designed/proposed by William T. Griffin, can be put into immediate adoption and action.

17. Upon implementation of the Will Griffin Infrastructure Financing plan/method, shovel-ready and long needed infrastructure repairs and new projects could begin immediately.

18. All investors could realize the tax benefits immediately and these would be in full force and effect for 2018 taxes, using existing laws and the existing financial 'infrastructures' of USA banks.

19. As T-bills are effected by the interest rates set by the Federal Reserve Bank, as these rates increase, so will the rates on Infrastructure Notes. Currently, as of 10/10/18 the rates on T-bills is 3.059% (5 years), 3.22% (10 years), 3.40 (30 years). The Federal Reserve Bank is looking to raise rates one more time in 2018 and it is reported they are planning to do the same three (3) times in 2019, which will effect T-bill rates and the proposed Infrastructure Notes correspondingly.

20.  For more information: 


     I have researched the issue of infrastructure financing for many years, notably during the past four (4) years on a daily basis as this topic has been widely publicly discussed for many years. This included studying infrastructure programs and their financing of projects all around the world.

     Although I am not an attorney, I have also researched Title 26 of the USC (Income taxes), Title 12 of the USC (Banks & Banking) and the Securities Act of 1934, to make certain the program/plan/process is in full compliance. I believe I have found, through diligent daily research and the Grace of God, the solution and perhaps only solution available to meet our urgent needs for infrastructure investments. I hold no preference or allegiance to any particular political party, for the problems/issues of the urgent need for the USA to address infrastructure deficiencies and how to finance these knows no political party.

     The best method of reaching me with any questions is currently by e-mail, so that I can give further information and my irrefutable and unimpeachable sources for my information with using attachments. I am available for any e-mail established scheduled interview (phone only) to provide further information. Given my efforts here and with congressional staff (both houses and both parties) and my current interactions with the most senior executive officers of the major national banks and lending institutions, my time is being consumed and I am finding myself (as are others) to be in very high demand. I am also continuing my daily research of infrastructure projects around the world and their financing.

     Please be understanding and respectful of my limited time and the demands for it. You can also imagine my pressures. Thus, clearly showing below that I have paid great meticulous attention to just about every detail necessary to make this all work. As you can see, confirmed by going to, for it should be 'res ipso loquitor' (the thing speaks for itself) obvious I foresaw the issue of the urgent need for investment into infrastructure projects and issues/situation of the need to creatively find the means/methods to finance these to one day come to be and I thus postured myself to 'virtually' own the word “infrastructure” and the related phrases below, though my expensive investment acquisitions.;;;;;;;;;;;;;;