State and local investment in transportation, public buildings, water treatment systems, and other forms of vital infrastructure has fallen to a 30-year low. Reversing this decline is key to creating good jobs and promoting full economic recovery -- and it's an especially good time for states to do it, as we explain in a new paper.
Cheap gasoline raises the perennial question over how the U.S. funds its transportation infrastructure -- a key rationale behind Obama's proposed oil tax. And it makes electric vehicles (EVs) and biofuels less competitive on price, hindering U.S. efforts to reduce greenhouse gas emissions and oil consumption. Can the U.S. continue to fund upkeep of its infrastructure and reduce emissions from transportation?