Congressional Democrats are looking to invest $130 billion in the nation’s crumbling schools, partly by reviving a type of debt financing killed by tax reform during the Trump administration.
The Rebuild America’s Schools Act, which went to committee markup Wednesday, would establish a $100 billion grant program and authorize $30 billion of school infrastructure tax credit bonds, both aimed at high-poverty schools around the country where shabby infrastructure poses a health risk to students and staff.
The bill, introduced by Virginia Democrat