Kildee: Congress Can Invest in Rebuilding Roads, Bridges and Water Systems by Leveraging Tax Code for Infrastructure Investments
WASHINGTON—Congressman Dan Kildee (MI-05), Chief Deputy Whip of the House Democratic Caucus, today discussed ways that Congress can encourage infrastructure investments to rebuild America’s roads, bridges and water systems. In doing so, Kildee said we can create good-paying Michigan jobs, encourage economic investment and ensure that the U.S. remains competitive in the global economy against our competitors like China.
At today’s Ways and Means Committee hearing on infrastructure and the federal tax code, Kildee spoke in support of the American Jobs Plan, which would make once-in-a-generation investments to rebuild our roads, bridges and water systems, expand broadband internet access, and invest in electric vehicles. Kildee discussed building upon the success of existing tax credit programs, especially to help struggling and underserved communities, and supporting infrastructure investments that benefit our local and tribal communities.
“Infrastructure goes beyond roads and bridges, it should include broadband, our water systems, investing in our public schools to make sure our students of today become the workforce of tomorrow, and building out all the elements of our economy to ensure we are competitive in the 21st Century,” said Congressman Kildee. “I am a firm believer in using bond and debt financing for an infrastructure package. Investing in infrastructure not only actually pays for itself and then some, but it’s also a bet on ourselves that we can build an economy that captures our potential.”
Yesterday, Kildee joined President Biden in Michigan at the Ford Rouge Electric Vehicle Center to promote the American Jobs Plan and investments in American-made electric vehicles. In Congress, Kildee is a leader to expand the electric vehicle tax credit, which is included in the American Jobs Plan to incentivize American manufacturing and make electric vehicles more affordable for consumers.