The House bill eliminates Private Activity Bonds (PABs) and Low-income Tax Credits, which are critical to the construction of housing developments. Both bills call for eliminating advanced refinancing bonds. These tax-exempt bonds allow cities to refinance debt. Without advance refinancing bonds, many large projects at the state and local levels of government will be immediately jeopardized. Additionally, the tax reform bill, unless changed, increases the federal deficit and that will trigger $150 billion in automatic cuts to vital transportation and infrastructure investments.
View this complete post...Posts Tagged ‘Trump Administration’
Infrastructure projects worth billions hang in limbo as Congress debates tax reform bill
Friday, December 15th, 2017Steelworkers Want Trump to Keep This Key Promise
Friday, November 10th, 2017
The Trump administration pledged to act to safeguard American steel by July 1. But that deadline is long past — and now a crisis is getting worse.
View this complete post...Congressional leaders begin to address infrastructure with a plan of their own
Monday, August 14th, 2017Delays in the rollout of the Trump administration’s much-heralded $1 trillion infrastructure plan are proving costly for deteriorating U.S. roads, bridges, airports and transit systems. And the longer the delay, the more it will cost taxpayers. Tired of delays on a long-awaited new plan, some members of Congress are busy putting together a “Plan B.”
View this complete post...Public, private stakeholder input sought on infrastructure regulatory reform
Thursday, June 15th, 2017The U.S. Department of Transportation (USDOT) recently announced it has published a Federal Register notice seeking public input on regulatory reform regarding infrastructure projects, including the identification of hurdles that currently exist and how to alleviate them. Those interested in offering comments have until July 24 to respond.
View this complete post...President Trump’s Plan to Rebuild America’s Infrastructure
Tuesday, June 13th, 2017
Rebuilding America’s infrastructure is a critical pillar of President Donald J. Trump’s agenda to promote job creation and grow the U.S. economy. America’s infrastructure has fallen to 12th in the world and that is unacceptable. Every American depends on our roads, rails, ports, and airports, and the President is committed to fixing this problem, not just pushing more liabilities onto future generations.
View this complete post...Trump’s Air Traffic Control Privatization Proposal: Stakeholder Reactions
Thursday, June 8th, 2017
This week, President Trump announced a proposal to privatize air traffic control throughout our nation’s aviation system. If the proposal becomes law, the FAA will no longer be responsible for managing air traffic control; instead, the responsibility will be delegated to a nonprofit corporation headed by board members representing various sectors of the aviation industry.
View this complete post...President Trump Gives Remarks on His Infrastructure Initiative
Wednesday, June 7th, 2017
President Trump delivers remarks on his infrastructure initiative in Columbus, OH.
View this complete post...FACT SHEET — 2018 BUDGET: INFRASTRUCTURE INITIATIVE
Wednesday, June 7th, 2017The President has consistently emphasized that the Nation’s infrastructure needs to be rebuilt and modernized to create jobs, maintain America’s economic competitiveness, and connect communities and people to more opportunities. The United States no longer has the best infrastructure in the world. For example, according to the World Economic Forum, the United States’ overall infrastructure places 12th, with countries like Japan, Germany, the Netherlands, and France ranking above us. This underperformance is evident in many areas, from our congested highways, which costs the country $160 billion annually in lost productivity, to our deteriorating water systems, which experience 240,000 water main breaks annually.
View this complete post...Basics of Trump’s infrastructure plan may be released soon
Thursday, May 18th, 2017
Written by Mary Scott Nabers President and CEO, Strategic Partnerships Inc. There is a possibility that, by the end of this month, President Donald Trump will release the guiding “principles” of his eagerly awaited $1 trillion infrastructure plan. Transportation Secretary Elaine Chao outlined some of the priorities in the plan for “restoring, rebuilding, refurbishing and […]
View this complete post...Will the nation’s water infrastructure needs be overlooked again?
Thursday, May 4th, 2017
Industry experts and government officials fear that when President Donald Trump’s proposed $1 trillion infrastructure plan is finally “laid out,” water infrastructure projects could largely be “left out.”…The president has already given preliminary indications that water projects are not likely to be ranked at the top of his priority list. That is more than unfortunate. Water resources are critical aspects of sustainability for the nation.
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