WASHINGTON -- Labor Secretary Robert Reich yesterday suggested scrapping private-activity revenue bonds and possibly other tax breaks that are longstanding hallmarks of the municipal bond business.

Reich made the suggestions indirectly in a wide-ranging speech that attacked "corporate welfare" and sought to set out a Democratic strategy for countering Republican budget proposals stressing tax cuts and cutbacks in government programs.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.