As companies and workers join projects financed by the bill, earn paychecks, and spend money in our economy, government revenue from personal income and business tax will rise, ultimately lessening the deficit and lowering our debt.įALLACY: There’s no way to pay for the bill.& nbsp & nbsp Economists agree that making improvements to roads, bridges, ports, airports, railways, and other transport routes will allow businesses to operate more cost-effectively, and ultimately result in consumer savings.įACT: This is a fiscally responsible bill.Īccording to an analysis by Penn Wharton, the Infrastructure Investment and Jobs Act will lead to a decrease in the national deficit and is a net benefit to the economy over the next 30 years. Unlike the reckless multi-trillion reconciliation bill that will increase inflation, the bipartisan infrastructure legislation is an investment over several years into infrastructure assets that will benefit our economy for decades. The strict 100% renewable energy mandates of the Green New Deal are NOT a part of the Infrastructure Investment and Jobs Act.įALLACY: The bill will lead to increased inflation. It also expands access to domestically sourced critical minerals and finances the retrofitting and “hardening” of power grids so that our communities can better withstand the impact of natural disasters.
The infrastructure bill’s energy provisions direct funding for traditional fossil fuels and the technologies needed to capture and remove carbon emissions, as well as advanced nuclear, renewables, and batter technology. Here’s how it breaks down:įACT: The bill precipitates a resilient energy independent future for the U.S.Ĭhamber to Wall Street Journal Editorial Board: We Continue Successfully Representing Business It funds $1.2 trillion in physical infrastructure, including $550 billion in new funds for much needed investment. The bipartisan infrastructure bill is 100% real infrastructure. It also makes the biggest investment in passenger rail since the creation of Amtrak and the single largest dedicated bridge investment since the construction of the interstate highway system.įALLACY: The bill is only 10-30% real infrastructure. The IIJA addresses basic American needs like clean drinking water, wastewater disposal and treatment, safe roads, and a reliable electrical power grid. Here, we share the facts and debunk the fallacies about the Infrastructure Investment and Jobs Act.įACT: The bill is the largest investment in physical infrastructure in history.
The bill makes a record investment in our nation’s infrastructure, but despite its popularity, many still have questions about what exactly is in the legislation Congress passed and sent to the President’s desk. This year, the Chamber led many months of negotiations on behalf of the legislative package, which won the support of business, labor, Republicans, Democrats, and according to the Harvard Center for American Political Studies, the backing of 78% of Americans. Last Friday, November 5th, the House of Representatives worked late into the evening to pass a bipartisan infrastructure bill 25 years in the making-turning the long overdue promise of investment in America’s roads, bridges, and other critical infrastructure into a reality that will create millions of jobs and improve the quality of life for every American.
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