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Congress must preserve private bonds to pay for infrastructure (OPINION)

Congress must preserve private bonds to pay for infrastructure (OPINION)

The Hill
BY HENRY CISNEROS, OPINION CONTRIBUTOR
12/14/17 07:00 AM EST     

President Trump and members of Congress from both parties have made it clear they take very seriously the important task of improving and strengthening our nation’s infrastructure. It is an essential undertaking and one that the nation expects to follow tax reform. For this reason, it is vital that Congress preserve an important vehicle for harnessing private investment into our nation’s aging infrastructure.

Private activity bonds are tax-exempt bonds issued for a project that serves a public good and is built with private funds. They can be used to finance construction or improvements to roads, water sewage systems, airports, affordable housing, hospitals, schools and many other projects that serve the public.

The House eliminated tax-exempt private activity bonds in its bill, while the Senate version maintains them. It is absolutely crucial to our nation’s future prosperity, growth and basic safety that private activity bonds are saved. They are an invaluable incentive for private investors and entities to finance infrastructure that might otherwise be too expensive for them to build... FULL ARTICLE

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