Political Tax Avoidance Chokes Off Infrastructure Investment
- Reluctance to talk taxes has reduced infrastructure borrowing
- States missing out on historically low interest rates
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Every state or municipal government will eventually face the question of whether to raise taxes. Since the era of George H.W. Bush, officials answer increasingly "No."
"It’s politically hard to make a case for tax increases, and particularly at a time when people have less money in their pockets," said Lucy Dadayan, a senior policy analyst with the Nelson A. Rockefeller Institute of Government.