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Building America's Future Statement on the Senate Bipartisan Infrastructure Proposal

Washington, D.C. – June 12, 2021 – A bipartisan group of 10 Senators has announced that it reached an agreement to put forth a $1.2 trillion over eight years infrastructure proposal.  In response to this development, Building America’s Future Co-Chairs former Pennsylvania Governor Ed Rendell and former U.S. Secretary of Transportation Ray LaHood issued the following statements:

“I am pleased that significant progress has been made by the bipartisan group of Senators to narrow the gap between President Biden’s American Jobs Plan and a compromise plan,” said Secretary Ray LaHood.  “Other than the broad outlines of the proposal, we have not yet seen the details on how individual infrastructure sectors would be funded.  But it is clear that progress is being made in the search for common ground to rebuild America’s infrastructure.”   

“The 10 Senators are to be praised for their efforts to forge a compromise infrastructure proposal but the proposed pay fors are disingenuous.  Public private partnerships and the establishment of an Infrastructure Bank are two important financing tools to leverage private investment with federal dollars and Building America’s Future has consistently been a champion of both,” said Governor Ed Rendell.  “However, they are no substitute for federal funding.  It is difficult to understand how these financing tools can be counted as realistic ways to pay for an infrastructure package.”

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