In this episode, Rep. Rodney Davis, R-Ill., likens America’s need for diverse infrastructure funding to the need for a diverse retirement portfolio.
“We, as a country, cannot continue to rely upon a very volatile source, and only one source, of revenue and that’s the gas tax. Your listeners have 401Ks. Not any of them, I bet, invest in just one stock,” said Davis, who is the ranking member of the House Highways and Transit Subcommittee. “Now’s the time to start getting people opportunities to have their ideas included in a more diversified and less volatile Highway Trust Fund portfolio.”
As new and more electric vehicles are brought to the market, he said it makes sense to plan today for the users of tomorrow’s highways and roads.
Davis’ interview from May is especially timely, as the leaders of the Senate Environment and Public Works Committee have urged their committee to create a multi-year surface transportation bill by Aug. 1.
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