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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhite House urges highway bill passage, says jobs at stake
(Reuters) - The Obama administration on Monday warned 700,000 jobs could be lost if Congress misses a deadline to replenish a highway spending fund and said Senate legislation could fall short of a long-term solution to maintain U.S. infrastructure.
Transportation Secretary Anthony Foxx called for passage of the administration's proposed $302 billion, four-year transportation bill that would end some business tax breaks to boost funding for the Highway Trust Fund. The fund must be reauthorized by the end of September, but could run out of money as early as late summer, the White House said.
"Unless Congress acts, up to 700,000 Americans will lose their jobs over the next year and road work, bridge building, transit maintenance - all of these types of projects - may be delayed or shut down completely," Foxx told a White House briefing.
President Barack Obama is due to make a pitch for boosting spending for highway repair in New York on Wednesday.
Foxx said the administration's proposal, which would raise $150 billion from corporate tax reform, would permit thousands of projects to go forward and create jobs for hundreds of thousands of workers.
Continued at Link:
http://www.reuters.com/article/2014/05/12/us-usa-obama-highway-idUSBREA4B0UK20140512
Thinkingabout
(30,058 posts)We need the jobs provided by the highway bill plus repairing bridges which does not pass inspection.
Cha
(295,929 posts)okaawhatever
(9,453 posts)Cha
(295,929 posts)it boomerangs and they're the ones who lose their jobs.