Raja Krishnamoorthi on Technology
This is why Raja is proposing to create a federal infrastructure bank. Such a bank could provide low-interest loans to states and cities to help finance crucial projects like roads and transit system. It's a way around the politics that is paralyzing important local and national goals.
Raja would finance the infrastructure bank by ending the oil depletion allowance--a tax break for the oil industry that would save more than $10 billion over the next ten years. That amount could generate close to $100 billion in capital for infrastructure projects around the country. Once capitalized, the bank would be self-perpetuating as its loans are repaid.
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