By William A. Galston | The Wall Street Journal
(Editor’s note: Opinion pieces are posted for discussion purposes only.)
On Sunday, with less national fanfare than the announcement deserved, Hillary Clinton released a major proposal to boost infrastructure investment by $500 billion, much of this over the next five years. The plan includes three principal financing mechanisms: direct public investments, subsidies to reduce interest costs on taxable infrastructure bonds, and a national infrastructure bank that would leverage $25 billion in public seed capital that would support up to an additional $225 billion in direct loans, guarantees and other forms of credit enhancement.
The case for action is clear.
Related:
Senate Passes Five-Year Highway Bill, Sending It to the White House/The Wall Street Journal
