In a new slideshow issue brief, Economic Growth Program Associate Daniel Mandel examines several new tax credit bond programs included in the American Recovery and Reinvestment Act of 2009. Mandel describes the differences between tax credit bonds and traditional tax exempt bonds, and analyzes in particular the success of Build America Bonds, which have attracted new classes of investors to the municipal bond markets and lowered the cost of borrowing for state and local governments.
View the entire presentation here.
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