Commentary: WASHINGTON, D.C. – Joint Economic Committee Democrats released a reporttoday that details how a number of provisions in the House Republican tax plan could have a dramatic negative impact on infrastructure investment and job creation across the country. The report shows that the Republican tax plan would eliminate the Private Activity Bonds (PAB), the New Markets Tax Credit (NMTC), and the Historic Tax Credit Program (HTC)—programs that support infrastructure projects across the country, enable community development, and generate jobs.
Eliminating these vital infrastructure programs could put more than four and a half million jobs at risk over the next ten years. The report highlights how eliminating these programs will make it harder for local governments, hospitals, airports, non-profits, companies financing affordable housing and other important communities institutions to build and maintain infrastructure.