The letter, organized by the Partnership for New York City, stressed that modernizing and expanding America’s physical and digital assets are a “necessary foundation for our nation’s sustainable growth.”
The bipartisan infrastructure plan, if enacted, would ramp up spending on waterways, broadband networks, bridges and water systems.
“The framework that Congress and the Biden administration have worked diligently to craft reflects priorities shared by labor, business and state and local governments, as well as the American people,” the letter said. “It will leverage significant private investment and generate a strong return for the federal government.
‘Seize the moment’
The pressure campaign from the business community comes as Republicans and Democrats pointed fingers at each other as they struggled to reach a compromise on outstanding issues in the infrastructure negotiations. The two sides have failed to come up with a way to pay for the new investments.
“We urge you to seize the moment and act quickly to pass this bipartisan initiative,” the letter said.
The business community is alarmed that Washington bickering is threatening to sink the bipartisan infrastructure proposal, according to Kathryn Wylde, the CEO of the Partnership for New York City.
“They’re worried and they’re frustrated,” Wylde said in an interview on Tuesday.
CEOs are “disgusted that the country is so politically screwed up that we can’t come together around solutions that everyone knows we need,” Wylde said.
In a statement late Monday, former President Donald Trump blasted “RINO Republicans that are so dedicated to giving the Radical Left Democrats a big and beautiful win on Infrastructure.” Trump promised that Republican voters “will never forget” the names of GOP lawmakers who support the infrastructure action.
Wylde said Trump’s statement sums up exactly why business leaders are frustrated about today’s political climate.
“It’s blatantly hypocritical since he has historically been a big promoter of infrastructure investments that support economic development. It’s crazy,” Wylde said. “That’s what people are so distressed about. There’s no effort to overcome politics.”