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.


 

 

News

All News | Prime News

Old-School Newsstand


BBTF Partner

Support BBTF

donate

Thanks to
greenback understands the nyt's effect on man
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogOTP 19 February 2018: Does Buster Posey Have a Post-playing Career in Politics?
(1751 - 9:19pm, Feb 23)
Last: Ray (RDP)

NewsblogMLB Should Embrace Rule That Lets Teams Bat Anyone They Want In 9th Inning
(137 - 8:34pm, Feb 23)
Last: RMc's Unenviable Situation

NewsblogInside Baseball MLB Notes | Hanley Ramirez Ready For Comeback
(37 - 7:34pm, Feb 23)
Last: the Hugh Jorgan returns

NewsblogOT - 2017-18 NBA thread (All-Star Weekend to End of Time edition)
(187 - 7:28pm, Feb 23)
Last: Fourth True Outcome

NewsblogWhat if the Rays actually have a good plan?
(44 - 6:55pm, Feb 23)
Last: Itsdrainageeli

NewsblogPrimer Dugout (and link of the day) 2-23-2018
(20 - 6:22pm, Feb 23)
Last: SoSH U at work

NewsblogOT: Winter Soccer Thread
(779 - 5:33pm, Feb 23)
Last: The Anthony Kennedy of BBTF (Scott)

NewsblogRays trade Odorizzi to Twins, acquire Cron from Angels, DFA All-Star Dickerson
(70 - 4:52pm, Feb 23)
Last: Walt Davis

NewsblogInside Baseball | Picking Jake Arrieta's New Team
(8 - 4:20pm, Feb 23)
Last: What did Billy Ripken have against ElRoy Face?

Gonfalon CubsFinally
(68 - 2:55pm, Feb 23)
Last: Moses Taylor, aka Hambone Fakenameington

NewsblogDanny Farquhar’s data-centric approach paying dividends for Lucas Giolito – The Athletic
(20 - 2:21pm, Feb 23)
Last: This is going to be state of the art wall

Hall of MeritMost Meritorious Player: 1940 Ballot
(7 - 1:24pm, Feb 23)
Last: DL from MN

NewsblogInside Mickey Callaway’s steps toward modernizing the Mets | New York Post
(13 - 1:15pm, Feb 23)
Last: JJ1986

Hall of MeritMost Meritorious Player: 1940 Discussion
(29 - 1:05pm, Feb 23)
Last: DL from MN

NewsblogTaking Back the Ballparks - Angels voting thread
(30 - 11:33am, Feb 23)
Last: Slivers of Maranville descends into chaos (SdeB)

Page rendered in 1.5404 seconds
45 querie(s) executed