CAGTC Members,
Earlier this month, the House passed their tax reform legislation, the Tax Cuts and Jobs Act. The bill would eliminate the tax exempt status of Private Activity Bonds (PABs), which would in turn raise bond interest rates and reduce the private sector’s incentive to participate in public infrastructure projects. The Senate’s tax reform legislation, introduced this month as well, includes no such measure.
Please click here for a letter developed at the direction of the CAGTC Board of Directors and sent to Senate Majority Leader Mitch McConnell and Speaker of the House Paul Ryan. The letter asks Congress to maintain the tax exempt status of PABs as they contemplate their tax reform legislation and to continue seeking long-term funding and financing solutions for U.S. infrastructure needs. We encourage you to share the letter with your networks.
Thank you!
Katie Cross
Manager, Member Communications & Policy
Coalition for America’s Gateways and Trade Corridors
1444 Eye St N.W.
Suite 1100
Washington, DC 20005
(202) 828-9100
tradecorridors.org