President Obama’s proposal for a Build America Bond-like program for infrastructure has its roots in a proposal by the Los Angeles County Metropolitan Transportation Authority, and some infrastructure analysts say it represents a pro-business pivot from the White House.

The taxable, direct-pay America Fast Forward bonds proposed by the Obama administration on Wednesday is a part of the larger America Fast Forward initiative proposed by LA Metro last year, which included a $45 billion, ten-year, taxable tax-credit bond program, as well as an expanded Transportation Infrastructure Finance Innovation Act. The credits on the bonds would equal their interest rates.

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