Baseball for the Thinking Fan

Login | Register | Feedback

btf_logo

News

All News | Prime News

Old-School Newsstand


Contributors

Jim Furtado
Founder & Publisher
Repoz
Editor - Baseball Primer

Syndicate

Congress Newsbeat

Thursday, November 02, 2017

Bloomberg: Republicans Push to End Muni Bond Sales by Businesses, Stadiums

Neil deMause, to the courtesy phone…

Congressional Republicans proposed barring the sale of municipal bonds for professional sports stadiums and privately run infrastructure projects such as toll roads and airports, a step that’s at odds with President Donald Trump’s push to increase funding for public works.

The tax-cutting bill released Thursday would also eliminate advanced refundings of debt issues, a popular refinancing technique with state and local governments, as well as bonds backed by federal tax credits. If enacted, the proposals would cut the amount of municipal debt sold each year by billions of dollars and potentially boost demand for the bonds.

“If you reduce the supply of municipal securities that would make them generally more valuable,” said Rob Amodeo, head of municipal debt for Western Asset Management. “But if you look at the idea that munis are going to act as a cornerstone for financing U.S. infrastructure, some of the provisions in this tax plan may challenge that a bit.”

The rollback to so-called private-activity bonds would increase costs for companies that finance public works by borrowing billions each year in the municipal securities market, where interest rates are lower. Ending the program would would increase revenue by about $39 billion through 2027, according to Congressional estimates.

Stormy JE Posted: November 02, 2017 at 03:34 PM | 2 comment(s)
  Beats: congress, donald trump, republicans, stadium financing, stadiums, taxpayers

 

 

News

All News | Prime News

Old-School Newsstand


BBTF Partner

Dynasty League Baseball

Support BBTF

donate

Thanks to
Harry Balsagne
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogOTP 2018 Apr 16: Beto strikes out but is a hit at baseball fundraiser
(596 - 5:01am, Apr 19)
Last: David Nieporent (now, with children)

NewsblogAt long last, have you no sense of OMNICHATTER for March 19, 2017
(2 - 3:51am, Apr 19)
Last: Walt Davis

NewsblogA cautionary note about spring statistics, and other thoughts - Chicago Tribune
(30 - 2:01am, Apr 19)
Last: DFA

NewsblogLeave the gun, take the OMNICHATTER for April 16, 2018
(75 - 1:23am, Apr 19)
Last: the Hugh Jorgan returns

NewsblogWith Kiermaier sidelined into July, time for Rays to make some big moves
(6 - 12:54am, Apr 19)
Last: Walt Davis

NewsblogOT - 2017-18 NBA thread (All-Star Weekend to End of Time edition)
(2137 - 12:12am, Apr 19)
Last: tshipman

NewsblogUpdate: Cubs' Anthony Rizzo calls his shorter-season, pay-cut comments 'my opinion'
(89 - 11:59pm, Apr 18)
Last: dejarouehg

NewsblogReady Player One
(18 - 9:34pm, Apr 18)
Last: Walt Davis

NewsblogBraves sign Jose Bautista to a minor-league contract, will play third base
(15 - 9:08pm, Apr 18)
Last: Walt Davis

NewsblogDeadspin: The Mets Previewed A Dark, Mets-y Future Last Night
(11 - 8:49pm, Apr 18)
Last: Adam Starblind

Hall of MeritLatin American Players and Pitchers Home Page
(68 - 8:01pm, Apr 18)
Last: Dr. Chaleeko

NewsblogDiamondbacks' Taijuan Walker diagnosed with "UCL injury"
(2 - 7:17pm, Apr 18)
Last: shoewizard

NewsblogPrimer Dugout (and link of the day) 4-17-2018
(35 - 5:26pm, Apr 18)
Last: Walt Davis

Newsblog10 Degrees: MLB's enormous attendance drop due to bad weather or something far worse for baseball?
(120 - 5:22pm, Apr 18)
Last: Crispix Attacksel Rios

NewsblogOT: Wrestling Thread November 2014
(2228 - 5:00pm, Apr 18)
Last: aberg

Page rendered in 0.6958 seconds
45 querie(s) executed