Washington - Business Roundtable today released the following statements applauding Senate passage of the bipartisan Infrastructure Investment and Jobs Act:
“Today’s Senate vote on the Infrastructure Investment and Jobs Act demonstrates strong bipartisan support for strengthening our nation’s physical infrastructure, economy and global competitiveness,” said Business Roundtable President & CEO Joshua Bolten. “Business Roundtable thanks Leaders Schumer and McConnell, the bipartisan group of Senators, including Senators Sinema and Portman, and the White House for their leadership on and commitment to advancing a bipartisan bill. We applaud all Senators who voted yes and urge the House to build on this momentum by coming back to Washington to take up the bill and pass it during this extended recess. It is time to finish the job and deliver for the American people.”
“We thank Senators for passing this once-in-a-generation investment in America’s transportation, water, energy and communications infrastructure, and applaud them for achieving a bipartisan outcome,” said Brendan Bechtel, Chairman and CEO of Bechtel Group, Inc., and Chair of the Business Roundtable Infrastructure Committee. “This historic legislation will drive long-term U.S. competitiveness at home and abroad, all while creating jobs and economic prosperity for more American families.”
According to a recent Business Roundtable study, each dollar of a $1 trillion infrastructure investment would yield nearly $4 in U.S. economic growth over 20 years. The study also found that an investment of this size and scope would increase the average American household’s disposable income by $1,800 every year for 20 years, create 1.2 million new jobs and boost wage growth.