Editor’s note: This post is part of a six-piece story on the U.S. economy, the upcoming presidential election, regulatory drag and all the impact all three are having on the trucking industry. Click here to read from the beginning.
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Click the links below to read more on the discussions of the U.S. economy’s health that took place at TRALA this week: Are we slowing our own economic growth? How long will sub-$100 per barrel oil last? Are winds of change blowing in Washington? What can and should get done before the next election? [/gttable] |
With a list of important business before Washington lawmakers, Glassman termed 2015 and 2016 as “still kicking the can,” however, noted deals on trade, corporate taxes, and infrastructure all should get done before the next election cycle.
“There is no long term vision, and we need it,” he says. “We need infrastructure rebuilt and we need the long term vision to get it done.”
Nearly 25 percent of all bridges in the U.S. have some sort of functional deficiency Glassman says, adding making infrastructure repairs could kickstart another level of economic recovery.
“Serious infrastructure investment is one of the things than can move us from the new normal,” he says.
At 39 percent, the U.S. corporate tax base is 14 percent higher than the average of its peers, and Glassman says that is further stalling growth.
