Powerful news for our industry and for many who remain under or unemployed in America, the Infrastructure Plan, dubbed “A Businessman’s Model” is now front and center. The proposed Plan will be in part privately financed but encouraged by tax credits and supported by future usage fees from toll roads, airports or water systems. The World Bank suggests Public-Private Partnership projects are more often completed on time than projects funded entirely by governments, and when private companies are also responsible for operation and maintenance, they’re more likely to design and construct a more sustainable project. The Plan is proposed to be revenue neutral because the tax credit would be offset by taxes on income earned by workers, and on profits earned by contractors. Everyone agrees we need to fix America’s crumbling infrastructure. Even if the Plan did not work, it will just be like every other government plan with taxpayer’s left holding the bag, but this time standing proud on new bridges, roads and water systems.
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