OBAMA'S GROW AMERICA ACT - MARC SCRIBNER
Administration's GROW AMERICA Act 2.0 Mixes Bad with Good
The administration’s GROW AMERICA 2.0 proposal isn’t all bad. In fact, it contains two very smart elements that Congress should attach to their own reauthorization package.
First, the administration proposal would repeal the current prohibition on states tolling their own Interstate segments. Second, the current cap on tax-exempt private activity bonds, which bring financing parity to infrastructure development by allowing the private sector to take advantage of similar debt instruments as the public sector, would be raised from $15 billion to $19 billion. > Read more
> Interview Marc Scribner