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Supercharging Infrastructure Spending with Strict Buy America Rules

December 03, 2020

According to a new CPA analysis, a Congressional five-year $1.5 trillion infrastructure investment plan could create 2.5 million jobs by 2025 while bringing sorely needed improvement to the nation’s deteriorating infrastructure.

However, the analysis finds that a quarter of the spending would go on imported materials and supplies. The same infrastructure plan implemented under a strict Buy American framework would increase the benefits to the US economy by one-third, creating a total of 3.3 million additional jobs and boosting GDP by $2.4 trillion. An infrastructure plan implemented under a strict Buy American framework would also lead to re-shoring and growth in key US manufacturing industries that are today dominated by imports.

 

 

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