NY TIMES: A Blueprint for Infrastructure Funding (editorial)

Economic giants Steve Forbes, Larry Kudlow, Arthur B. Laffer and Stephen Moore offered a way to reform business taxes and fund infrastructure at the same time in an April 19 editorial in the New York Times.

“It is a significant development for such fiscal conservative heavyweights to endorse coupling business tax reform with investing in rebuilding our country’s roads, highways and bridges,” said Jim Riley, NSSGA senior director of government affairs.

The authors said that Congress would likely give bipartisan support for creating “a fund dedicated to rebuilding America’s roads, highways, airports and pipelines, and modernizing the electric grid and broadband access — financed through the tax money raised from repatriation of foreign profits.”

NSSGA supports minimizing the tax burden on businesses in order to increase the rate of capital formation, economic growth and job creation. Investing in our country’s infrastructure allows our economy to grow as well. According to the Partnership for America’s Economic Expressway, every dollar spent on infrastructure yields $6 of economic activity. 

NSSGA has long supported development of a new vision for our nation’s surface transportation system. While President Trump has voiced a desire for a $1 trillion infrastructure bill, Congress is still a long way off from enacting any proposal into law.  It is critical that everyone in the aggregates industry urge their lawmakers to focus both on developing a sustainable funding source for the highway program as well as passing a $1 trillion package to invest in American infrastructure.

3 Responses

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.

Continuing the Discussion

  1. Economic pundits recommend tax reform for funding infrastructure projects - EQUIPMENTPARTS.com

    […] commenting on this opinion piece, the National Stone, Sand & Gravel Association (NSSGA) says it “supports minimizing the tax burden on businesses in order to increase the […]

    April 24, 201712:51 pm
  2. Economic pundits recommend tax reform for funding infrastructure projects – GERESA

    […] commenting on this opinion piece, the National Stone, Sand & Gravel Association (NSSGA) says it “supports minimizing the tax burden on businesses in order to increase the rate of […]

    April 24, 20171:14 pm
  3. Economic pundits recommend tax reform for funding infrastructure projects | Equipment World | Construction Equipment, News and Information | Heavy Construction Equipment

    […] commenting on this opinion piece, the National Stone, Sand & Gravel Association (NSSGA) says it “supports minimizing the tax burden on businesses in order to increase the rate of […]

    May 25, 20172:52 pm