Publications

- January 1, 2018: Vol. 11, Number 1

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Succeeding within the world’s largest emerging market: Infrastructure policy works its way to the fore

by Michael Likosky

We all might be forgiven for assuming that infrastructure is off the radar in Washington.

In fact, members of Congress, the White House and federal agencies are hard at work right now on the infrastructure front. More than 50 pieces of legislation advancing infrastructure programs, including public-private partnerships, have been introduced into Congress. Many of these bills are bipartisan. The White House will soon issue a document to guide Congress.

But most front and center right now is the reconciliation of the House of Representatives’ Tax Bill with that of the Senate. Several provisions in these bills would dramatically remake how public-private partnerships and other forms of infrastructure are financed. This should come as no surprise, because a good deal of infrastructure is financed through the tax code in this country.

For instance, the House bill seeks to do away with private activity bonds. In doing so, the House would embrace public financing ove

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