Removing Their Cap

Earlier this month, Stephen Howard, a senior vice president at Lehman Bros., told Congress it should lift the cap on tax-exempt private activity bonds as ...
by | June 29, 2005

Earlier this month, Stephen Howard, a senior vice president at Lehman Bros., told Congress it should lift the cap on tax-exempt private activity bonds as a way of helping communities finance costly water and sewer upgrades. The feds made a similar exemption in the 1980s to enable the construction of much-needed solid waste disposal facilities. Clearly, Howard's firm has something to gain by passage of H.R. 1708. What do state and local officials think about this approach?

Discuss

More from View