BROOKINGS INSTITUTIONMETROPOLITAN POLICY PROGRAM Infrastructure enables global trade, powers businesses, connects workers to their jobs, creates new opportunities for struggling communities, and protects America from an unpredictable natural environment. However, these critical systems are in a state of disrepair. Aging bridges, congested roads, outmoded storm and drinking water systems, and deteriorating public buildings are just […]
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Opportunities for Infrastructure Reform: Improving America’s Procurement System
Thursday, October 1st, 2015INVEST BUT REFORM: Establish a National Infrastructure Bank
Monday, August 26th, 2013BROOKINGS INSTITUTION
Congress should establish a National Infrastructure Bank (NIB) capitalized with the proceeds from a onetime repatriation tax holiday. The primary barrier to an NIB—a targeted mechanism for financing infrastructure projects of national significance— is finding a way to build the loan fund. Untaxed overseas corporate profits, which currently provide little support to overstretched federal budgets, represent an untapped revenue source that could quickly fund an NIB, without a direct appropriation.
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