One of the biggest impediments to maximizing long-term economic growth is the urgent need to modernize our nation’s infrastructure. The cost of inaction is too high for all Americans who depend on reliable, modernized infrastructure. For instance, congestion on America’s major urban interstates costs American motorists $121 billion a year in wasted time and fuel costs. And failing to close funding gaps across America’s infrastructure systems could lead to 2.5 million lost jobs in 2025 and 5.8 million lost jobs in 2040.
As business leaders who represent every sector of the economy, Business Roundtable members recognize that one of the biggest impediments to our maximizing long-term economic growth is the urgent need to modernize our nation’s infrastructure.