Higgins Offers Budget Amendment Supporting A Robust Investment in Infrastructure
Congressman Brian Higgins (NY-26), a member of the House of Representatives Budget Committee, offered an amendment to the GOP 2019 Budget proposal that would allow for $1 trillion for investments in America’s infrastructure.
The Republican 2019 budget proposes to cut transportation spending by $317 billion over the next 10 years. Under the plan total spending on transportation programs would decrease from $92 billion in 2019 to just $77 billion in 2025.
Higgins amendment would provide $1 trillion over five years for a robust infrastructure initiative that would substantially increase our investment in critically underfunded areas of infrastructure, including highways and bridges, aviation, water, power, and telecommunications facilities. Under the amendment, the infrastructure investments would be paid for by reversing tax breaks for the wealthy and big corporations.
Higgins argues, “Fixing our infrastructure will have a significant impact on future economic growth and Americans’ health and quality of life. Infrastructure investments have a strong, cascading multiplier effect on our economy’s growth. If we can spend $180 billion to rebuild the roads and bridges of Iraq and Afghanistan over the past decade, then surely we can invest in the infrastructure in our own country.”
Congressman Higgins full remarks can be seen here.
According to the Congressional Budget Office, every dollar of public infrastructure investment produces $1.60 in economic activity.
Higgins is also the lead sponsor on “The Nation Building Here At Home Act” which would invest $1.263 trillion in infrastructure projects over the next 5 years. The allocation represents the difference between the projected level of U.S. infrastructure investment and what the American Society of Civil Engineers (ASCE) says is needed to meet U.S. infrastructure needs.