The America Wins Act
The America Wins Act (HR 4142) would invest over $1 trillion in the nation’s infrastructure over 10 years, creating millions of jobs, and providing a boost to the economy and the middle class that is sorely needed. This bill is fully paid for by taxing harmful pollution, with a portion of the revenue reserved to be passed to consumers in the form of a tax rebate and dedicated funding to assist those in coal country who have been struggling.
The United States, which was once the envy of the world – from our roads, bridges, highways, and airports – is now facing an infrastructure crisis. The American Society of Civil Engineers gives the state of our infrastructure a grade of “D+” and estimates that all levels of government will have to invest an additional $2 trillion over the next decade if we’re going to avoid falling further behind. This presents us with an extraordinary opportunity to make the investments we will need to rebuild the country and to put the nation back to work. That is why the America Wins Act provides a dedicated revenue stream to invest $1.2 trillion in infrastructure over the next decade. From roads, bridges, tunnels, transit systems, rail, airports, clean drinking water, levees, broadband, schools, public housing, and energy transmission, this legislation will transform the country and set us up for long-term economic success. In every state and every Congressional district, there are badly needed infrastructure projects that are stuck sitting in the pipeline because of a lack of funding. The America Wins Act will make these types of projects a reality.
The America Wins Act is estimated to raise $2.3 trillion over 10 years through un upstream tax on the carbon-content of fossil fuels such as coal, oil, and natural gas. All of the revenue raised will be placed in a trust fund, administered by US Treasury, in order to be solely used for investing in the nation’s infrastructure, providing the American people with a consumer tax rebate, and dedicated funding for programs to support communities transitioning from a carbon dependent economy and communities most heavily impacted by climate change and carbon pollution.
We simply can’t afford to let the nation’s infrastructure crumble further into disrepair if the United States is going to maintain its status as the world’s leading economy. We have to rebuild our infrastructure and we have to have the courage to pay for it. An investment of this magnitude will have the benefit of creating between 13 million and 22 million jobs over the next decade. This is a jobs program for the middle class, it’s a tax rebate for consumers, it shores up the pensions of coal miners, and it improves the quality of the air we breathe. This is a win-win-win-win.
WTIC on America Wins Act (WTIC)
Connecticut Congressman Proposes New Bill To Fund Infrastructure (Construction Equipment)
Larson to propose carbon tax to pay for infrastructure upgrades (Journal Inquirer)
Larson Floats $1 Trillion Infrastructure Plan, Carbon Tax (CBS Connecticut)
Larson Proposes Carbon Tax To Pay For Nation’s Infrastructure (CT News Junkie)
Larson proposes 10-year $1 trillion America Wins Act for infrastructure (Equipment World)