The federal government should both exempt private activity bonds from the alternative minimum tax and create a national public-private partnership office to help state and local governments put deals together according to Brookings Institution reports issued Tuesday.
Brookings Backs AMT Relief, National P3 Office
NOV 13, 2012 1:59pm ET
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"One of these things does not belong" is a catchy slogan and it comes to mind when looking at the latest tax policy ideas coming from Washington when looking at the municipal bond tax exemption. The exemption is not a result of the growth of a tax code designed to induce or reduce certain behaviors. Rather, it is the foundation for the flow of capital in a $3.7 trillion dollar market required to efficiently finance the nation's infrastructure.
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