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 ...
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?
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
The Week in Public Finance: Public Pensions Edition9 hours ago
Low Oil Prices Drain Some But Energize Most Local Economies12 hours ago
Missouri Auditor Dies in 'Apparent Suicide'13 hours ago
Border Surge Hampering Policing in Other Parts of Texas14 hours ago
81,000 Ohioans to Lose Medicaid Coverage14 hours ago
Scott Walker Says Union Protesters Prepared Him for Fighting Islamic Terrorists14 hours ago