Off-topic, but so economically naive I felt compelled to share... --Declan
---
Contact: Steve Hansen (Republican Director of Communications) (202) 225-7749
Email: [EMAIL PROTECTED]
Justin Harclerode (Republican Deputy Director of Communications)
(202) 226-8767
Email: [EMAIL PROTECTED]
Jim Berard (Democratic Director of Communications) (202) 225-6260
To: National Desk/Transportation Reporter
March 26, 2003
1.3 Million New American Jobs Will Be Created
Under New Bipartisan Highway Investment Proposal;
Plan Would Substantially Increase Funding For Highway & Transit Programs
Washington, D.C. - A new bipartisan proposal to substantially
increase the federal investment in America's highway and transit programs
would provide a major boost to the nation's economy by creating more than
1.3 million new jobs throughout the United States over the six-year plan.
(**See Pages 2 & 3 for a state-by-state analysis of how each state
will benefit under the proposal.**)
The bipartisan proposal from the leadership of the U.S. House
Transportation and Infrastructure Committee would increase the federal
government's funding for highway and transit programs to $375 billion from
Fiscal Years 2004 through 2009.
The $375 billion is the funding level projected by the Administration as
necessary to maintain and begin to improve the nation's growing surface
transportation needs through 2009. This is a substantial increase over the
$218 billion that was authorized in the previous six-year highway and
transit legislation (1998-2003).
Proposal Will Result In Safer Roads, Less Congestion & Provide
A Significant Boost To Nation's Economy
"Today, the single largest obstacle to increased transportation and
economic efficiency is congestion," said U.S. Rep. Don Young (R-Alaska),
the Chairman of the Transportation Committee. "We are truly in a congestion
crisis.
"Traffic congestion costs the United States more than $67 billion annually
- more than 3.6 billion hours in delays and 5.7 billion gallons of excess
fuel wasted in traffic jams. The average cost of congestion for commuters
is $1,160 a year and drivers now waste an average of 62 hours per year
stuck in traffic jams.
"The significant results of our proposal will be safer roads, less
congestion and waste of fuel, better air quality, and it will provide for
an important long-term stimulus for our nation's economy. For every $1
billion invested in federal highway and transit infrastructure, 47,500 jobs
are created and $6.2 billion in economic activity is generated. Our
legislation would create more than 1.3 million new jobs throughout all 50
states over the next six-year reauthorization. This will play a vital role
in our efforts to improve the economy of our nation in the coming years."
"Every State In The Union Will Benefit"
"This investment in highway and transit infrastructure will help create
millions of badly needed, family-wage jobs and generate billions of dollars
in economic activity," said U.S. Rep. James Oberstar (D-MN), the Ranking
Democrat on the Transportation Committee. "Each $1 billion of Federal funds
creates 47,500 jobs and $6.1 billion of economic activity. In addition,
this investment will increase business productivity by reducing the costs
of producing and transporting goods in virtually all industrial sectors of
the economy. Every state in the Union will benefit."
State-By-State Analysis Of Increased Funding & New Jobs
Created Under Bipartisan Proposal
- First column "Additional Funds FY 04-09 Under Bipartisan T&I
Committee Proposal vs. Status Quo Funding": This is the amount of increased
highway funding each state would receive throughout the six-year proposal
when compared to a six-year program that keep highway funding at the
current $31.8 billion levels.
- Second column "Total Federal Highway Funding FY 04-09 Under
Bipartisan House T&I Committee Proposal": This represents the total amount
of highway funding each state would receive under the six-year $375 billion
bipartisan House Transportation & Infrastructure Committee leadership proposal.
- Third column "Total New Jobs Created Between 2003 and 2009": This
represents to number of new jobs created under the six-year proposal. This
does not include the existing jobs that will be sustained by the proposals
- only the new jobs created by the bipartisan plan.
Estimated State Funding & Job Creation Impacts of Federal Highway Program
that Ramps up from $40 Billion in FY 2004 to $60 Billion in FY 2009
State Additional Funds FY04-09 Under Bipartisan T&I Committee Proposal vs.
"Status Quo" Funding Total Federal Highway Funds FY04-09 Under
Bipartisan T&I Committee Proposal Total New Jobs Created Between 2003
and 2009
Alabama $1,950,040,923 $5,357,255,283 23,920
Alaska 1,077,468,663 2,960,078,745 13,217
Arizona 1,643,704,007 4,515,670,349 20,162
Arkansas 1,275,514,395 3,504,160,425 15,646
California 9,203,121,691 25,283,301,349 112,890
Colorado 1,265,298,429 3,476,094,585 15,521
Connecticut 1,426,819,803 3,919,834,623 17,502
Delaware 423,086,959 1,162,326,811 5,190
Dist. of Col. 387,850,904 1,065,524,462 4,758
Florida 4,583,196,020 12,591,197,858 56,220
Georgia 3,417,490,715 9,388,710,755 41,921
Hawaii 494,795,811 1,359,329,151 6,069
Idaho 735,027,229 2,019,305,575 9,016
Illinois 3,269,641,154 8,982,530,642 40,107
Indiana 2,233,759,480 6,136,701,868 27,400
Iowa 1,165,904,349 3,203,033,925 14,302
Kansas 1,137,409,470 3,124,751,292 13,952
Kentucky 1,709,570,181 4,696,621,377 20,970
Louisiana 1,559,358,270 4,283,951,292 19,128
Maine 512,905,127 1,409,080,019 6,292
Maryland 1,600,850,620 4,397,941,264 19,637
Massachusetts 1,820,552,882 5,001,518,906 22,332
Michigan 3,008,516,149 8,265,154,255 36,904
Minnesota 1,450,074,125 3,983,720,123 17,787
Mississippi 1,195,381,793 3,284,015,915 14,663
Missouri 2,283,580,308 6,273,572,274 28,012
Montana 929,285,915 2,552,983,283 11,399
Nebraska 753,809,272 2,070,904,594 9,247
Nevada 688,105,009 1,890,398,377 8,441
New Hampshire 497,943,889 1,367,977,717 6,108
New Jersey 2,605,987,072 7,159,305,142 31,966
New Mexico 942,110,950 2,588,216,896 11,556
New York 4,949,183,423 13,596,657,755 60,709
North Carolina 2,723,467,275 7,482,052,953 33,407
North Dakota 629,269,656 1,728,762,792 7,719
Ohio 3,342,591,173 9,182,942,783 41,002
Oklahoma 1,511,514,811 4,152,513,217 18,541
Oregon 1,194,325,984 3,281,115,340 14,650
Pennsylvania 4,884,170,042 13,418,049,566 59,912
Rhode Island 574,364,271 1,577,923,821 7,045
South Carolina 1,610,549,716 4,424,587,132 19,756
South Dakota 700,415,829 1,924,219,311 8,592
Tennessee 2,176,360,976 5,979,013,670 26,696
Texas 7,596,365,823 20,869,136,877 93,181
Utah 758,772,120 2,084,538,792 9,307
Vermont 441,403,220 1,212,646,208 5,414
Virginia 2,454,975,192 6,744,437,340 30,114
Washington 1,729,485,112 4,751,332,726 21,215
West Virginia 1,095,977,054 3,010,925,972 13,444
Wisconsin 1,883,737,571 5,175,103,217 23,107
Wyoming 675,213,204 1,854,981,330 8,282
State Total $98,180,304,016 $269,726,109,934 1,204,327
Allocated 11,019,695,984 30,273,890,066 135,173
