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- Blog Post
The nations transportation and water infrastructureits highways, airports, water supply systems, wastewater treatment plants, and other facilitiesplays a vital role in the economy. Private commercial activities and the daily lives of individuals depend on that physical infrastructure, which is provided by all levels of government in the United States.
- Report
In fiscal year 2007 total public spending for transportation and water infrastructure was $356 billion, or 2.4 percent of the nation’s economic output as measured by its gross domestic product.
- Report
Tax Arbitrage by Colleges and Universities
- Blog Post
Colleges and universities enjoy a variety of federal tax preferences that are designed to support a broader public purpose—the advancement of higher education and research. Not only are institutions of higher learning exempt from paying federal income taxes, they also are eligible to receive tax-deductible charitable contributions and allowed to use tax-exempt debt to finance capital expenditures.