Does America Need a National Infrastructure Bank?

A new report published by the Carnegie Endowment for International Peace proposes, among other things, a 5%-per-barrel tax on petro and the creation of the National Infrastructure Bank to cope with transportation budget cuts.

1 minute read

July 24, 2011, 7:00 AM PDT

By Jeff Jamawat


Former Senator Bill Bradley, former Secretary of Homeland Security Tom Ridge, and former Comptroller General of the Government Accountability Office David Walker authored a 129-page plan titled "Road to Recovery: Transforming America's Transportation." In it, the Democrat-Republican-Independent trio broach many urgent issues pertinent to America's transportation infrastructure, including the dwindling National Highway Trust, deficit spending, and rampant earmarks.

Daniel Ferry observes, "The centerpiece of the plan is a bold proposal to levy a tax on oil at the point of production or importation, and put a corresponding tax on fuel sold to consumers at the pump. [...] The tax burden, therefore, falls both on oil companies and gasoline consumers, and stabilizes the price of fuel at the pump within a narrow range."

Carnegie Endowment for International Peace is a nonpartisan global think tank founded in 1910.

Thursday, July 21, 2011 in America 2050

"Planetizen federal action tracker" logo superimposed over black and white image of US Capitol dome.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

November 11, 2026 - Zachary Whalen

A road in north eastern Nebraska with power lines on either side, and grassy fields.

Eastern Nebraska is running out of electricity

Data centers and electrification are straining eastern Nebraska’s grid, throttling economic development.

November 6, 2026 - Grist

People walking and cycling on a street in Boston.

Study reveals best places in the U.S. for cycling, walking

New research from Streetlight Data examines bicycle and pedestrian miles per capita in the 100 largest U.S. cities by population.

November 8, 2026 - Smart Cities Dive

Mamdani speaks behind a podium in a navy suit.

DSA members accuse Mamdani of 'abandoning values' over housing redevelopment

New York City's mayor plans to replace about 2,000 units of public housing with private, mixed-income housing.

2 hours ago - Gothamist

Streetview of Colorado boulevard, a multi-lane road with trees on either side.

All sides of BRT debate unhappy with CDOT’s most recent move

The Colorado Department of Transportation is no longer considering center-running bus lanes for Colorado Boulevard.

3 hours ago - 9 News

Solar panels above a cranberry boy, with workers collecting berries.

Massachusetts bogs generate both power, and cranberries

Putting solar panels above farmland is one way Massachusetts is advancing toward its goal of net-zero carbon emissions by 2050.

4 hours ago - Grist

FREE Course: Walkable City 1: Why Walkability?

After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.

Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold

The course focuses on the opportunities and imperatives that shape reinvention of mall sites.