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H.R. 2116, The Freight Rail Infrastructure Capacity Expansion Act of 2007
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HSolis
We pay for it one way or another! My initial reaction was to agree with most of the previous post and say “No, let them pay for it themselves”. However, we must understand that our rail infrastructure badly needs to be revamped and expanded. This tax incentive may just provide the needed financial aid for this private/public partnership to do so. If the rail industry is not equipped to handle the increased in demand for our competitive economy, then the trucking industry will bear the brunt of it while using our highways and roads. We know that the highway industry is not getting any subsidies correct? Wrong. So, this bill is really a matter of allowing a more multi-modal form of transportation of goods.
Locomotive Engineer
Pass H.R 2095 before H.R. 2116 even sees daylight again. H.R. 2116 is a cash grab by the railroads. They want taxpayers to pay for 25% of the improvements, but give the taxpayers 0% of the profits. Then, when Diesel prices skyrocket, railroads will sit back and rake in the money because it will be much too expensive to truck goods.
If it was really about rail infrastructure, why wouldn't we just give credits to shippers to use rail? The money would still be there for infrastructure improvement, except the railroads would have to work for it instead of having it handed to them on a silver platter.