In May, congress passed and President Obama signed the Highway and Transportation Funding Act of 2015, enacting a 60-day extension of the Highway Trust Fund, through the end of July. Now, a bipartisan group of legislators are pushing The Bridge to Sustainable Infrastructure Act, a bills they say will force Congress to create sustainable funding for our crumbling infrastructure. Essentially it raises the gas tax to index it to inflation in January 2016, and set it to rise again in three years unless Congress comes up with a new plan to fund transportation projects.Congressman Reid Ribble (R-WI), one of those who introduced the legislation, discussed the bill, and the importance of infrastructure in a recent article for CNBC. One notable comment:
I introduced the Bridge to Sustainable Infrastructure Act with legislators who have very different opinions about the role of government in society, but I believe it is a conservative principle to actually pay for the things you buy instead of sticking our kids and grandchildren with the bill. They'll have their own needs in 20, 30 or 40 years and they shouldn't be forced to pay for our purchases as well as their own. Safe and efficient roads and bridges are good for our economy, good for families, and good for our future … we should build them, maintain them and pay for them.