A long standing conversation which is now taking center stage as national infrastructure is essential to global competitiveness fro the United States. We have to start somewhere…..because the fact still remains our infrastructure is aging by the day.
Last week the The Metropolitan Policy Program at Brookings recommended the establishment of a national infrastructure bank, noted that its establishment would allow Congress to:
Stimulate the development of economically-critical infrastructure projects, that shouldcreate jobs and increase American global economic competiveness;
- Unlock billions of dollars in domestically untaxed corporate profits, which will further leverage billions more in investment from private, state, and local investors;
- Assist state and local governments by lowering the costs of borrowing, offering greater financial certainty, and easing the burden on tight budgets;
- Increase transparency by directly connecting repatriated funds to an infrastructure finance program that can drive the next American economy.
Read the paper in its entirety INVEST BUT REFORM – Establish a National Infrastructure Bank Capitalized by a Repatriation Tax Holiday
Here are some additional resources on the establishment of an National Infrastructure Bank:
Five Facts About a National Infrastructure Bank
Unions call for National Infrastructure Bank
Research & Commentary: National Infrastructure Bank
Creating a National Infrastructure Bank and Infrastructure Planning Council
Infrastructure Bank Will Jumpstart National Investments in Transportation, Water, Communication Systems and Electric Grid