Amtrak doesn't pay taxes so it can't get a tax break. The provision is that the States can issue bonds to build high-speed rail lines, and the Federal Government will pay the interest on it. So the Federal Government, in fact, is helping the States. The tax breaks go to the States that we represent, not Amtrak, not any projects, not any special interests, the States of the Union. I include in that the State of Ohio.
Robert Torricelli: “Amtrak doesn't pay taxes so it can't get a tax break. The provision is that the States can issue bonds to build…”
Editor's note · Context
Discussing federal support for state-issued bonds for high-speed rail during a Senate debate.
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