Obama To Press For Infrastructure Investments In Miami Speech
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Among the proposals Obama will call for Friday:
— Higher caps on “private activity bonds” to encourage the private sector to spend more on highway projects and other infrastructure needs. State and local governments use the bonds to attract investment.
— Giving foreign pension funds tax-exempt status when selling U.S. infrastructure, property or real estate assets. U.S. pension funds are generally tax exempt under such circumstances. The administration says some international pension funds cite the tax burden as a reason for not investing in American infrastructure.
— $4 billion in new spending on two infrastructure programs that award loans and grants.
— A renewed call for a $10 billion national “infrastructure bank” — a proposal from his first term that gained little traction.
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http://talkingpointsmemo.com/news/obama-infrastructure-investment-miami.php?ref=fpb
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Obama To Deliver Economic Speech At 2 PM ET In Miami
DAVID TAINTOR 6:23 AM EDT, FRIDAY MARCH 29, 2013
President Obama is scheduled to deliver a speech on the economy at 2 p.m. ET Friday in Miami, the White House said. Obama's speech is scheduled after the President tours a tunnel project at PortMiami.
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http://livewire.talkingpointsmemo.com/entry/obama-to-deliver-economic-speech-at-2-pm