No. He likes BABs -- Build America Bonds -- says Reuters:
The incoming Republican chairman of the House of Representatives Transportation Committee, John Mica, of Florida, could include a financing program similar to taxable BABs, which were created in last year's stimulus plan to promote infrastructure and job creation, a spokesman said.
The spokesman, Justin Harclerode, said "it's one of many things he's looking at and willing to consider," in drafting a transportation bill.
Harclerode said Mica does not intend to introduce a stand-alone bill resurrecting the BABs program and the bonds may take a different form if they are included in the transportation legislation.
"He's not ready to drop BABs as they are into this bill," Harclerode said.
Currently, BABs pay issuers a federal rebate of 35 percent on interest costs, a level critics say is too high.The bonds were created by the ARRA (Obama
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