If we are serious about reversing the decline of the middle class, we need major federal investments to rebuild our crumbling infrastructure and put millions of Americans back to work in decent paying jobs in both the public and private sectors. The climate emergency and the need to expand the middle class demand that we make the most ambitious investment in American infrastructure since President Eisenhower created the interstate highway system. We will put Americans to work updating and expanding our roads, bridges, public transit, airports, and passenger and freight rail lines. We will build 21st century energy and water systems, modernize our schools, and continue to support the expansion of high-speed broadband networks. We will protect communities from the impact of climate change and help them to mitigate its effects by investing in green and resilient infrastructure. We will address the backlog of deferred maintenance in our four key public land management agencies. And we will protect public health and safety by modernizing drinking and wastewater systems. These investments will create secure, good-paying middle-class jobs today and will substantially increase demand for American-made steel and other products manufactured in the United States. And by boosting economic growth in a fair and equitable way, and strengthening our long-term competitiveness, these investments will create many more jobs in the years to come.
Democrats will also create an independent, national infrastructure bank that will support critical infrastructure improvements. This bank will provide loans and other financial assistance for investments in energy, water, broadband, transportation, and multi-modal infrastructure projects. Democrats will continue to support the interest tax exemption on municipal bonds and will work to establish a permanent version of Build America Bonds as an additional tool to encourage infrastructure investment by state and local governments.
Furthermore, Democrats will fight to ensure resources and programs are adequately targeted to provide economic development, job training, and critical infrastructure investment in areas of the greatest need.