With the Biden Administration’s newly proposed American Jobs Plan being debated and refined in Congress, the panelists review the Plan’s priorities and what they estimate as likely to emerge as Congress debates the massive proposal. Additionally, the panelists discuss the concept of fifteen-year financing strategy on states, counties, cities, schools, and employment.

This special briefing features a panel of experts, including Representative Earl Blumenauer (D-Oregon); Marc Morial, president and CEO, National Urban League; Robert Poole, director of transportation policy and Searle Freedom Trust Transportation Fellow, Reason Foundation; Richard A. Ravitch, former New York State Lieutenant Governor; and Polly Trottenberg, US Deputy Transportation Secretary.

Notable Quotes:

“The Biden administration is currently double-tracking, working on the big ideas of the America’s Jobs Plan, but also really trying to engage in a bi-partisan way with committee leadership on Capitol Hill on a surface reauthorization,” Polly Trottenberg.

“This is the fine point I think we all need to embrace, and that is this is a twenty-first century plan, for twenty-first century problems,” Marc Morial.

“There’s a lot of good things in the President’s plan, but I think three key elements are missing, and they all three fit together. User fees, long-term financing, and private capital,” Robert Poole.

“It’s no secret to a number of you on this call that I have been deeply, deeply troubled by our continued underinvestment in infrastructure, and how we’ve reduced our investment since the 60s,” Earl Blumenauer.

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Special Briefing is published by the Volcker Alliance, as part of its Public Finance initiatives, and Penn IUR. The views expressed on this podcast are those of the panelists and do not necessarily reflect the position of the Volcker Alliance or Penn IUR.