Washington, D.C. – January 29, 2015 – Today, former Pennsylvania governor and current Building America’s Future co-chair Ed Rendell testified before the Senate Commerce Subcommittee on Surface Transportation. Rendell called for increased and strategic federal investment in America’s deteriorating roads, bridges, ports and rail systems.
Rendell, testifying on behalf of Building America’s Future, spoke to the subcommittee about the dire situation facing our nation’s surface and marine transportation systems, which, if not addressed, threaten the economic competitiveness of the United States. Rendell’s testimony pointed to the underinvestment in rail, roads, ports and aviation infrastructure, which negatively affects commerce, and continuously frustrates travelers and commuters. For these reasons, Rendell strongly urged lawmakers in Congress to stop putting off critical investments and look toward a comprehensive plan that will ensure a secure funding future for years to come.
“All of these deficiencies have made our nation’s transportation network less reliable and efficient. And this means higher costs for businesses and consumers,” former Pennsylvania governor and Building America’s Future co-chair Ed Rendell said. “Other sectors of our economy understand this and are eager for action.”
Rendell noted the actions being taken by governors and mayors to address their own transportation funding challenges but emphasized that state and local funding is not a substitute for sufficient investment from the federal government.
“Without an overriding national vision and network, America’s transportation infrastructure would resemble a patchwork of disconnected roads and rails; our aviation system would be untenable; goods movement would be greatly hindered,” Rendell said. “And all of this would cost businesses and consumers billions of dollars.”
Consequently, Building America’s Future recommended the following actions to the subcommittee:
- Creating a commission charged with producing a ten-year critical infrastructure plan – covering transportation, water, energy and broadband - that makes significant new investments. The Congressional Budget Office has concluded that an annual investment of $185 billion would be economically justified.
- Passing a long-term transportation bill.
- Identifying a long-term and sustainable source of revenue for the Highway Trust Fund. BAF supports increasing the gas tax by 10 cents and indexing it to inflation.
- Further increasing the authorization for TIFIA and raising or lifting the cap on Private Activity Bonds.
- Eliminating the federal restrictions on tolling interstates.
- Targeting federal dollars to economically strategic freight gateways and corridors.
- Investing more strategically in projects of national or regional significance and that will deliver real economic returns.
- Establishing a National Infrastructure Bank.
- Creating a new type of municipal bond called Qualified Public Infrastructure Bonds as proposed by President Obama earlier this month.
- Making the TIGER program permanent.
- Upgrading our airport infrastructure by modernizing the Passenger Facility Charge to $8.50
- Getting NextGen up and operational as soon as possible.
More information on the hearing here.
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Today, former Pennsylvania governor and current Building America’s Future co-chair Ed Rendell testified before the Senate Commerce Subcommittee on Surface Transportation. Rendell called for increased and strategic federal investment in America’s deteriorating roads, bridges, ports and rail systems.