Yesterday President Biden announced significant new funding for passenger rail projects across New Jersey and the Northeast region, first and foremost for the Gateway Program that is the Nation's most critical infrastructure project. It is a critical win for New Jersey families, and it comes as a result of funding through the bipartisan infrastructure law to get these important projects completed. By making this investment in Gateway, we will prevent a shutdown of the Hudson River tunnel that could cost the United States economy $16 billion over 4 years and reduce property values by $22 billion in New Jersey alone. In fact, every dollar we invest in Gateway will create almost $4 of benefits for the residents of our region, whether through lower travel costs, faster travel times, improved safety, or reduced highway congestion. Unfortunately, the Republican majority's appropriations bill is a severe threat to the bipartisan work we have done to revitalize America's infrastructure, especially for passenger rail. The bill guts the main funding source for rail projects--the Capital Investment Grants program--by 85 percent and cuts Amtrak's Northeast Corridor funding by 92 percent. Not only that, but Republican amendments now propose cutting all Capital Investment Grants and Amtrak National Network funding. These provisions are unacceptable and completely out of touch with the needs of the American people.…
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