Mark J. Mazur – 1/16/2015 – “​Today, the Vice President spoke about the importance of investing in our infrastructure.  These important investments would not add a dime to the deficit — they would be paid for by implementing another priority for the Administration, namely reforming our broken business tax system.  Revenue-neutral business tax reform would generate one-time revenues that would support job-creating investments in America, putting people to work improving our country’s roads, bridges, tunnels, airports, and other critical infrastructure. To complement this direct investment in infrastructure, the Vice President also announced today that the Administration is proposing to create an innovative new municipal bond, the Qualified Public Infrastructure Bond (QPIB).  This new bond will help lower the cost of borrowing for certain public private partnerships, like ones in which the public sector works with the private sector to build a new road, bridge, or other project.  It would be an important permanent financing tool that would lower barriers and create the long-term certainty needed to encourage private sector participation in infrastructure investments.  Together with the financing assistance through taxable America Fast Forward Bonds that the Budget will propose, state and local governments will be able to better tailor financing to their needs and market opportunities.  This proposed new type of bond, direct investments in infrastructure, and business tax reform are all part of the same goal: improving the lives of those in and those striving to enter America’s middle class The benefits from tax reform would be widely-felt and would improve the climate for creating and retaining high-quality jobs.  At the same time, the Administration seeks to make investments in our infrastructure to create good jobs now and provide returns for many years to come.  These investments should incorporate contracts and policies that promote workforce development and provide protections for workers…”