BlackRock CEO: Private Investments Trump Bonds for Infrastructure Renewal
Rob Freeman, of Cozen O'Connor Public Strategies, discusses private investments in The Bond Buyer. Private investments rather than municipal bonds must bear much of the financial burden for rebuilding the crumbling national infrastructure, according to at least one of the business executives meeting with cabinet secretaries and President Trump at the White House to discuss infrastructure and tax policy. Tax reformers are reluctant to link their issue to infrastructure spending, said Robert. “The people at the [House] Ways and Means Committee want to do tax reform but they don’t want those dollars linked to infrastructure,” he said. “If there are two separate pieces of legislation, then it might be feasible.”
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