Friday, March 29, 2013

IS THIS WHY FLA REP CAVED IN TO OBAMA CARE

Obama to push infrastructure spending in Miami
Mar 29, 2013 7:30 AM EDT
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President Obama will press Congress to pass new tax incentives and other flexibility measures aimed at attracting more private sector investment in infrastructure projects around the country, a senior administration official said.
The president will flesh out the details of his proposals during a speech Friday at a Miami port that is undergoing $2 billion in upgrades, funded by public and private money. In his quick trip to South Florida, Obama will try to show the public that the economy remains his top priority in the midst of high-profile campaigns on immigration reform and gun control.
Among the proposals Obama will call for Friday:
-- Higher caps on "private activity bonds" to encourage the private sector to spend more on highway projects and other infrastructure needs. State and local governments use the bonds to attract investment.
-- Giving foreign pension funds tax-exempt status when selling U.S.

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