Bill Pascrell: “No more loopholes. No more sheltered tax havens. No more privileged class perks. Period. That is how we're paying for…”

“No more loopholes. No more sheltered tax havens. No more privileged class perks. Period. That is how we're paying for this bill. Mr. Speaker, once again, the day after significant legislation has been passed, we're back at our greatest priority--putting people back to work. There are many sections of this bill that do that. I want to highlight just one of them: the Sustainable Water Infrastructure Investment Act. I hope you support that part of the legislation. As it was introduced, this provision will generate significant investment through the use of tax-exempt bonds, and if we don't go that way, our communities are going to have to find the money to fix their infrastructure, to fix their sewer systems, to fix their water systems, and you know that is not going to happen. Our communities look to us for help. Our infrastructure is in disrepair, and it's just not our roads and it's just not our bridges. Earlier this year the American Society of Civil Engineers gave the nation's water and water system the lowest grade of any infrastructure category, a D minus. This legislation aims to repair our crumbling water infrastructure while leveraging private capital to create jobs. Every dollar invested in public water and sewer infrastructure will add $8.97 to the national economy.”