President's Corner

January 2018 Building Opportunities for the Next Generation

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FISCAL CLIFF DEAL COULD BOOST INFASTRUCTURE

​With the “fiscal cliff” fast approaching, Congress and the White House have offered contrasting proposals, but one item in President Obama’s package is especially encouraging– the allocation of between $50 billion and $75 billion for new infrastructure spending.

Some pundits have called this a bargaining chip that they believe will be axed early in the reaching of a deal, but there is reason to believe that this investment could pass. The U.S. Chamber of Commerce, which is extremely influential within the Republican caucus, has repeatedly called for this type of investment, and the Chamber has thus far withheld criticism of this piece of President Obama’s proposal.

The impact of this spending would boost the two-year, $105 spending bill passed by the United States Department of Transportation this past fall and would likely be focused on roads, bridges, and rail. Increased investment in high-speed rail in the Midwest has fueled speculation that a large sum would be put toward making meaningful progress on the regional high-speed network.

As with solutions to the “fiscal cliff” and the national debt, urgency is critical in making investments in our nation’s crumbling infrastructure. 



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