A recent Wall Street Journal article highlighted President Donald Trump’s proposal calling for the fourth congressional coronavirus relief package to contain substantial investment in infrastructure, emphasizing low interest rates as an incredible opportunity.
President Trump wrote on Twitter:
“With interest rates for the United States being at ZERO, this is the time to do our decades long awaited Infrastructure Bill. It should be VERY BIG & BOLD, Two Trillion Dollars, and be focused solely on jobs and rebuilding the once great infrastructure of our Country!”
Widespread infrastructure investment is both long overdue and necessary. Fortunately, members of Congress in both parties echo the president’s sentiments to include infrastructure in upcoming stimulus efforts. Specifically, House Speaker Nancy Pelosi has said in numerous recent press appearances that she would like the next bill to be bipartisan and include funding for infrastructure. She stated on a press call Monday:
“In addition to that, it’s an economic issue, it’s a job issue; it creates jobs immediately to build the infrastructure,”
Lawmakers from both parties and President Trump agree there is an immediate need for infrastructure investments. Recent political discussions about investing in our infrastructure, rising unemployment numbers, low interest rates and Congressional action on previous coronavirus bills show that this is an opportune time for to invest in our nation’s critical infrastructure.