Modernizing America with Rebuilding to Kickstart the Economy of the Twenty-first Century with a Historic Infrastructure-Centered Expansion Act
A BILL
To amend the Internal Revenue Code of 1986 to eliminate certain fuel excise taxes and impose a tax on greenhouse gas emissions to provide revenue for maintaining and building American infrastructure, and for other purposes.
Sec. 2 Findings
Congress finds that—
roads, bridges, airports, and urban transportation systems are essential to the economic and national security of the United States;
there is a chronic shortfall in funding for the maintenance of highways, bridges, and other critical infrastructure;
strategic investments in new infrastructure will allow for economic growth and dynamism in the 21st century;
there has been a marked increase in extreme weather events and the negative impacts of a changing climate are expected to worsen in every region of the United States;
if left unaddressed, the consequences of a changing climate have the potential to adversely impact the health of all Americans, harm the economy, and impose substantial costs on local, State, and Federal budgets;
efforts to reduce climate risk should protect our Nation’s economy, security, infrastructure, agriculture, water supply, public health, and public safety; and
there is bipartisan support for pursuing efforts to reduce greenhouse gas emissions through economically viable, broadly supported private and public policies and solutions.