Thune Advocates Infrastructure Spending

John Thune, along with Oregon's Ron Wyden, has a bill to raise $50 billion for transportation infrastructure:

Senator John Thune, along with Oregon senator Ron Wyden, has introduced a bill to fund repairs in aging roads and bridges and rail lines across the United States.

The “Build America Bonds” Act would provide $50 billion in additional Federal transportation funding, and would empower states across the country to complete critical infrastructure projects.

Build America Bonds would raise $50 billion for transportation infrastructure through a one-time bonding program. This amount would be spent on various transportation projects across all modes of transportation including roads, bridges, transit, rail, and waterways. In lieu of interest, bond holders would receive tax credits.

Thune says, “The Build America Bonds Act is about generating economic growth, improving transportation infrastructure, and ultimately saving lives through enhanced transportation safety without a tax increase.”