The Fiscal Times: Eric Planin: President Obama Looks to Tax Reform to Save America’s Highways

Source:The New Democrat 

This would be an interesting way to raise the much needed revenue to rebuild America’s infrastructure system but, as I’ve argued in the past, we wouldn’t need to go to this length if we created a National Infrastructure Bank instead. That would prioritize the national infrastructure projects that our country actually needs, real projects that support strong economic and job growth as opposed to pork .

A National Infrastructure Bank was proposed by senators John Kerry (D) and Kay Bailey Hutchinson (R)in the 112th Congress. This would be an independent corporation created by Congress.  It would simply prioritize national infrastructure projects and then find funding for them in the private sector by bringing in investors.  It would make profits from the investments from tolls and fees that users would pay to use the roads, bridges, airports etc.

This is how we should paying for infrastructure improvements, moving past Congress to create an organization that could work on its own without taxpayer funds, collecting revenue from the projects. Our country would have all of the revenue needed to pay for its infrastructure requirements and not need to go to a dysfunctional Congress every year to meet its cash requirements.

Unknown's avatar

About kireschneider

I’m primarily a current affairs blogger focusing on center-right Republican conservatism and progressivism. But current affairs, public policy, and history, are not my only subjects as a blogger. Which is one reason why I’ve also written for The Daily Review USA Blog. I’m also interested in Classic Hollywood, especially actresses and actors, but films and TV as well, as well as humor and lifestyle
This entry was posted in Barack Obama Presidency, The New Democrat and tagged , , , , , , , . Bookmark the permalink.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.