While a lot of attention is focused on the nation’s budget debate and making a significant dent in the country’s massive deficit, Sixth District Congressman Jim Clyburn says attention ought to be paid to developing a plan to repair the nation’s decaying infrastructure. Clyburn says a long term strategic plan for repairing roads and bridges would accelerate job growth in the nation. In a recent interview with Columbia affiliate WVOC, Clyburn says he is fully aware that the funds must be raised for such an ambitious undertaking.
We ought to do a transportation bill and it ought to be for six or seven years, so people can have good planning out into the future. We ought to pay for it with a “transaction tax;” I call it a fee. It would be applied to all the transactions taking place on Wall Street. We need to tack on a fee to all these transactions and used that money to repair the roads. Build the bridges and put in the infrastructure for water and sewer that we need. it would be good for business.
Clyburn says many of his congressional colleagues go up in arms anytime you mention a tax or fee, however he says what he’s proposing is nothing astronomical:
A 0.25 of one percent will give us double what we need for infrastructure improvements, and the rest can be used to pay down the deficit. That would be good for business and everybody and nobody would feel it. Just because it’s a fee, people are against it. 0.25 of one percent would give us twice the money we need. to fund the infrastructure program. It just doesn’t make sense to me that we don’t do it.