President Obama described a pro-growth tax reform and jobs package during a speech in Chattanooga, Tenn., on Tuesday, but many of the municipal bond-related measures proposed were ones he unveiled earlier.

Obama laid out a proposal to reform the business tax code and then use the one-time revenues raised by the transition to a new system for improving infrastructure and creating jobs. The infrastructure measures include direct-pay America Fast Forward Bonds that could be used to finance private-activity bond as well as other projects, a National Infrastructure Bank and a "Fix it First" program to repair the nation's infrastructure, according to a White House release.

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