Since infrastructure is not a state specific issue, a larger federal investment is needed to have the intended result to positively impact our “arteries of commerce” on the broad scale. However, necessary strides have not yet been accomplished despite bi-partisan support in Congress. Click Here for recent article contrasting the success at the state vs. the federal level.
The U.S. Chamber has joined forces with a number of transportation, business and labor groups to actively lobby for a much needed robust federal infrastructure investment. Click Here for video from the U.S. Chamber of Commerce underscoring the negative impact that chronic underinvestment in infrastructure is having on our economy and the safety of the motoring public as part of their, Let’s Rebuild America, campaign.
As with most issues, the task is to find the funding source for federal legislation to be successfully passed. An increase in the federal gasoline excise tax is an obvious source but with the recent increase in the state’s gas tax, not a popular option here in Illinois. Another option proposed by the U.S. Chamber is a plan to strengthen and expand federal loan programs to facilitate public-private partnerships.
We will keep you abreast of progress toward gaining the necessary infrastructure for our businesses to flourish. Please contact us if you would like to get more involved with our Business Works efforts.