Peterson Foundation Statement on Bipartisan Infrastructure Legislation

NEW YORK — Michael A. Peterson, CEO of the Peter G. Peterson Foundation, commented today as bipartisan infrastructure legislation moved forward in the U.S. Senate:
“It is encouraging that leaders in the U.S. Senate have reached an historic bipartisan agreement to invest in national infrastructure. The ability to work across the aisle to find common ground is an essential part of a functional democracy, and it’s been all too rare in recent years. The fact that lawmakers are pursuing ways to pay for their priorities is also an important recognition of our nation’s unsustainable fiscal outlook, and Congress and the administration should ensure that this new spending is fully funded with transparent, credible offsets.”
# # #
Further Reading
Three Reasons Why Assuming Sustained 3% Growth is a Budget Gimmick
GDP growth of 3 percent is significantly higher than independent, nonpartisan estimates and historically difficult to achieve.
Tax Breaks on Retirement Savings: Who Benefits and How Much Do They Cost?
Tax breaks on retirement accounts support the economic security of older Americans. They also affect our fiscal outlook.
How Does the U.S. Healthcare System Compare to Other Countries?
Despite higher healthcare spending, America’s health outcomes are not any better than those in other developed countries.