America faces two serious, competing financing challenges: a $2.2 trillion infrastructure shortfall that is a drag on competitiveness and job creation, and a $1.5 trillion annual budget deficit that hinders our ability to make the strategic investments necessary for economic growth.
This memo, 5 Reasons Why BUILD Is Better, explains how the financing mechanism in the BUILD Act can address both by stretching taxpayer dollars to tap a potential $1 trillion in private money to upgrade our nation’s infrastructure.
In today’s fiscal environment, the federal government simply can’t foot enough of the bill to bring our transportation systems and energy infrastructure into the 21st century. By establishing a framework for attracting private capital to fund regionally significant projects, the BUILD Act offers a way forward. Our memo explains how it works, and why it’s a better way to create jobs and boost the economy while increasing accountability, taking politics out of project selection, and getting more bang for the taxpayer buck.
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