Tax Foundation Tax Counsel Joe Henchman will be appearing in a segment on Lou Dobbs Tonight tonight on CNN regarding the transit agency/SILO situation. All told some $16 billion in taxpayer-purchased transit assets were sold to European banks, and now agencies face termination penalties of somewhere between $2 billion and $4 billion. This week transit agency heads are heading to Capitol Hill to request a bailout. Read more on the issue here.
