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The federal government supports infrastructure investment in a variety of ways. It spends money directly, makes grants to state and local governments for their capital spending and, through the tax system, subsidizes the borrowing of both of those levels of government as well as certain private entities to finance infrastructure projects.
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Letter to the Honorable Judd Gregg
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UMRA took effect in 1996; since then the Congress has enacted few federal mandates, as defined in the law, that have imposed significant costs on state and local governments.
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Letter to the Honorable Paul Ryan
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Economic and Budget Issue Brief
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Letter to the Honorable Kent Conrad
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Letter to the Honorable Paul Ryan
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Economic and Budget Issue Brief