MBFA Applauds President Obama’s Remarks on Bonds in SOTU
WASHINGTON, D.C. (January 20, 2015)—The Municipal Bonds for America Coalition (MBFA) welcomes President Obama’s remarks regarding infrastructure investment in his 2015 State of the Union address.
We agree that improving infrastructure should be a bipartisan issue. The President’s remarks highlight the importance of expanding tax-exempt financing opportunities for state and local governments in order to make important capital improvements in their communities.
“Tax-exempt bonds have promoted job creation and economic growth through helping to generate investments in infrastructure, transportation, and other projects benefiting local communities for 100 years,” said Steve Benjamin, Mayor of Columbia, SC and Chair of MBFA’s executive committee. We appreciate the President raising the profile of this issue in the State of the Union and we look forward to learning additional details about the President’s infrastructure financing proposal in his budget request.”