Author: Nathan Musick
Publisher: DIANE Publishing
ISBN: 1437924700
Category : Business & Economics
Languages : en
Pages : 50
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Book Description
The fed. gov¿t. supports infrastructure investment in a variety of ways. The most common means of providing a tax subsidy for infrastructure investment -- by offering a tax exemption for interest on state and local bonds -- is generally viewed to be inefficient. This study assesses the role of tax preferences in infrastructure investment in the U.S. It discusses the types of tax preferences for state and local bonds, reports the amount of such debt that has been issued for infrastructure projects undertaken by the public and private sectors, and estimates the importance of that debt financing to infrastructure investment. Charts and tables.
Author: Nathan Musick
Publisher:
ISBN:
Category :
Languages : en
Pages : 50
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Book Description
States and localities issue debt to finance projects undertaken by government and, in some cases, by the private sector (bonds issued by states and localities to finance either government operations or certain private-sector activities are known as municipal bonds). The federal government subsidizes the issuance of municipal bonds by offering tax preferences that lower the cost of debt incurred for those projects. Government accounts for the bulk of investment in infrastructure today, largely reflecting the likelihood that infrastructure would otherwise be under-supplied. Recently, however, the private sector has been viewed as an increasingly viable source of financing; from that perspective, a key issue is whether the government should offer incentives (say, through tax subsidies or other favorable regulation) to encourage such investment. This study, prepared jointly by the Congressional Budget Office and the Joint Committee on Taxation, focuses on the use of tax-preferred debt to finance infrastructure. After an overview of investment in infrastructure in the United States--who pays for it, how much it costs, and the federal government's role in financing it--the study: (1) Discusses some of the advantages and disadvantages of tax preferences as a means of providing federal financial support for investment in infrastructure; (2) Outlines the rules applicable to the issuance of tax-exempt and tax-credit bonds; (3) Reviews historical trends in the issuance of tax-preferred bonds and quantifies the reliance of state and local governments and the private sector on such bonds as a means of financing their capital spending; and (4) Considers potential efficiency improvements to current tax policy through appropriately structured tax-credit bonds. (Contains 3 tables, 6 figures, 4 boxes and 61 footnotes.).
Author: Nathan Musick
Publisher:
ISBN: 9781437925111
Category :
Languages : en
Pages : 38
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Book Description
The fed. government supports infrastructure investment (II) in a variety of ways. The most common means of providing a tax subsidy for II -- by offering a tax exemption for interest on state and local bonds -- is generally viewed to be an inefficient way to subsidize state and local borrowing, largely because the revenue cost to the fed. gov¿t. may exceed the interest-cost subsidy provided to state and local governments by a substantial amount. This study assesses the role of tax preferences in II in the U.S. It discusses the types of tax preferences for state and local bonds, reports the amount of such debt that has been issued for II projects undertaken by the public and private sectors, and estimates the importance of that debt financing to II. Illustrations.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 318
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Book Description
Author: Congress, Congressional Budget Office
Publisher: Government Printing Office
ISBN: 9780160936043
Category : Business & Economics
Languages : en
Pages : 320
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Book Description
This volume presents 115 options that would decrease federal spending or increase federal revenues over the next decade. The federal budget deficit in fiscal year (FY) 2016 totaled $587 billion or 3.2 percent (%) of gross domestic product (GDP), up 2.5 percent (%) in year 2015. The options cover many areas ranging from defense to energy, Social Security and provisions of the tax code. This edition reports the estimated budgetary effects of various options and highlights some of the advantages and disadvantages of those options. Students pursuing research for economic coursework in high school, community college, and university levels may be interested in this vision presented by the Congressional Budget Office, Additionally, economists, federal budget analysts, political science scholars, financial planners, and lawmakers may be interested in this official resource. Related products: Other products produced by the U.S. Congressional Budget Office (CBO) are available here: https: //bookstore.gpo.gov/agency/237Economic Policy resources collection can be found here: https: //bookstore.gpo.gov/catalog/budget-economy/economic-policyEconomic Development publications are available here: https: //bookstore.gpo.gov/catalog/budget-economy/economic-development
Author: United States. Congress. Senate. Committee on Finance
Publisher:
ISBN:
Category : Federal aid to transportation
Languages : en
Pages : 128
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Book Description
Author: Can Chen
Publisher: Springer Nature
ISBN: 3030914119
Category : Business & Economics
Languages : en
Pages : 198
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Book Description
Infrastructure is the foundation of modern economies. A robust, efficient, and well-maintained infrastructure system is critical to support the nation’s economy, improve quality of life, and strengthen global competitiveness. The serious infrastructure deficit in the U.S. is well-known. State and local governments are struggling to finance the needed expansion, upgrades, and repairs. Meeting the infrastructure financing challenge has emerged as one of the most urgent issues facing the country. Despite the growing number of innovations in state and local infrastructure financing, current information on innovative infrastructure financing is scattered and time-consuming to find. Until now, there was no detailed, comprehensive assessment of current knowledge and practice in innovative infrastructure financing. This book fills that gap and offers policy suggestions for state and local government managers who are considering the adoption and implementation of innovative infrastructure financing. It provides detailed case studies and rich examples that describe innovative approaches to fund state and local infrastructure development. These experiences and lessons in applying these innovations will be particularly useful for state and local government practitioners, professors, applied policy analysts, and students in public administration, policy, and public finance.
Author: Nathan Musick
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 64
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Book Description
Concerns about the nation's infrastructure and its ability to support commerce and promote public well-being have prompted calls for greater infrastructure spending. In response to a request from the Chairman and Ranking Member of the Senate Committee on Finance, the Congressional Budget Office (CBO) prepared this study, which analyzes recent developments in spending on transportation and water infrastructure, trends in spending for capital and for operations and maintenance by the various levels of government, and the rationale for public spending on infrastructure. This study updates a 2007 report, Trends in public spending on transportation and water infrastructure, 1956 to 2004--Preface.
Author: Johnson, Craig L.
Publisher: Edward Elgar Publishing
ISBN: 1800370938
Category : Business & Economics
Languages : en
Pages : 320
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Book Description
The ability of a nation to finance its basic infrastructure is essential to its economic well-being in the 21st century. This second edition of State and Local Financial Instruments covers the municipal securities market in the United States from the perspective of its primary capital financing role in a fiscal federalist system, where subnational governments are responsible for financing the nationÕs essential physical infrastructure.
Author:
Publisher: DIANE Publishing
ISBN: 1437986021
Category :
Languages : en
Pages : 34
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Book Description
