Association urges U.S. citizens to request $25 billion funding provision in new jobs act
The U.S. House of Representatives is expected to act this week on a transportation reauthorization bill, known as the American Energy and Infrastructure Jobs Act. There is an opportunity to include a provision in that bill that would remove the volume caps on private activity bonds for water infrastructure projects. This could generate $25 billion in private capital being invested in the industry over the next five years, creating 700,000 jobs and adding $225 billion to the national economy.
In order to accomplish this, the Water and Wastewater Equipment Manufacturers Assn. (WWEMA) encourages the House Ways and Means Committee to include it in its mark up of the act, which is scheduled to be considered tomorrow, Feb. 3. WWEMA urges U.S. citizens to call their congressional representative today and ask to speak to his or her tax legislative assistant about tax-exempt private activity bonds for water and wastewater projects.
In addition, if you have manufacturing and/or sales operations in other locations, please urge them to do the same by contacting the congressional representative in their district. Go to www.house.gov and type in your company zip code to obtain contact information for your representative.