News from The Associated Press:
"Among the proposals Obama called for, which require approval from Congress, are:
-$4 billion in new spending on two infrastructure programs that award loans and grants.
-Higher caps on "private activity bonds" to encourage more private spending on highways and other infrastructure projects. State and local governments use the bonds to attract investment.
-Giving foreign pension funds tax-exempt status when selling U.S. infrastructure, property or real estate assets. U.S. pension funds are generally tax exempt in those circumstances.
The administration says some international pension funds cite the tax burden as a reason for not investing in American infrastructure.
-A renewed call for a $10 billion national "infrastructure bank."
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