There are a number of answers to that question, including direct federal funding, revolving loan programs, tax-preferred financing, and public-private partnerships (known as P3s). The best infrastructure funding solution would make use of all of these options. And let’s not forget about the gas tax. It hasn’t been raised since 1993. It will take courage on the part of lawmakers to raise it, but it’s a common-sense option that should be on the table. Moreover, a long-term, sustainable source for funding the Highway Trust Fund should serve as the anchor for any plan.
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