Columnist Suggests More Municipal Bond Financing, Less Waiting for DC Infrastructure Action

Slate columnist Daniel Gross commented yesterday, “It’s Day 4 of the Trump administration’s Infrastructure Week — and of course nothing infrastructure-y has happened.” Instead of waiting for Washington to act on infrastructure renewal, Gross suggests that states and cities use “a very powerful financing tool at their disposal that enlists Wall Street, asset managers, and very rich people to fund infrastructure on a tax-advantaged basis. . . . It’s called municipal bonds. And they’re not being used enough.”