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A Tax Reform Sucker Punch

Tax reform was an area that many who care about infrastructure held out hope. Would Congress fix the Highway and Transit Trust Funds by indexing the gas tax for inflation? Would new tax incentives be created to foster greater private sector investment in a variety of infrastructure asset classes? Would loopholes be closed to bring off-shore funds back to invest in America? Could we create a new tax credit to address housing displacement and stabilize neighborhoods? The answer to each is a resounding no. Rather than recognize and respond both to the need and the bipartisan demand for infrastructure investment that benefits the economy, the environment and the average American, this Congress provides a sucker punch.

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