Mayors group: Rolling back bond exemption would put dent in economy
Obama’s proposal would have also heaped an extra $173 billion in interest expenses on state and local governments over the last decade, the study found.
{mosads}Backers of the exemption, like the mayors group, say they remain highly concerned it would be targeted in a rewrite of the tax code or a big deficit deal. Supporters say the exemption helps fund a wide range of projects, like schools, roads and hospitals.
The new study also notes that “the American Society of Civil Engineers recently gave a D+ grade to US infrastructure.”
Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Regular the hill posts
Daily News
Hunter Biden's SECOND TRIAL Set To Begin, Prosecutors Look To Bring Addiction Back Into Spotlight
