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Commentary: A Wrong-Headed Approach to Addressing the Nation's Infrastructure Needs

MAR 12, 2014 3:14pm ET

"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...

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Comments (2)
I suggest the CEO of the Bond Dealers of America read South Carolina v. Baker, 485 U.S. 505, (1988). And it does not take much digging to find the mountain of academic research showing how inefficent tax-exempt bonds are at promoting public investment. Sad to see this.
Posted by maguire1 | Wednesday, March 12 2014 at 3:26PM ET
So we should make it increasingly expensive and unattainable for municipalities to effectively provide for their citizens? Perhaps this will inexorably lead to the eventual privatization of virtually all government functions for which many of the reactionary conservative clamor?
Posted by leeyelofj | Wednesday, March 12 2014 at 3:45PM ET
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