Kentucky business community encourages Congress to find a different approach to funding critical infrastructure investments
As President Joe Biden discusses a federal infrastructure plan and other legislation, the Kentucky Chamber asked the state’s federal delegation to focus on more specific infrastructure investments and to avoid anti-business tax measures that would harm Kentucky’s economy.
In a letter to U.S. Senators Mitch McConnell and Rand Paul and U.S. Reps. Andy Barr, James Comer, Brett Guthrie, Thomas Massie, Hal Rogers, and John Yarmuth sent Friday, the Chamber noted the business community’s strong support for investment in Kentucky’s roads, highways, bridges, ports, rail, waterways, and other areas of key transportation infrastructure.
However, the Chamber letter raised concerns about the discussions currently happening in Washington, D.C. and the tax measures proposed in the American Jobs Act.
“Instead of pursuing anti-business tax measures that would harm economic growth, the Kentucky Chamber supports other funding streams such as user-based fees and granting states and localities increased flexibility in appropriating funds from the American Rescue Plan Act. It is critical that Congress ensure that the methods used to fund infrastructure investment do not end up negating the positive economic benefits that come with investment – which is what we fear would be the result of the American Jobs Plan, as proposed by the White House,” Kentucky Chamber President and CEO Ashli Watts wrote in the letter.
In closing, the Kentucky Chamber encouraged Congress and the Biden Administration to continue critical conversations about critical infrastructure investments while identifying the most appropriate and effective path forward to fund the investments.