As a result, supporters are ramping up efforts to educate lawmakers about the importance of tax-free bonds by stressing the positive impact that they have on towns and cities nationwide. BDA is quoted as saying, “If we do our part to really educate Congress about the importance of municipal bonds, we think they’ll look elsewhere. We have to explain how these tax savings for investors in fact makes it cheaper for cities and other governments to build infrastructure.”
The article went on to say that Capitol Hill expect the debate over revamping the tax code to heat up next year no matter who controls the White House, and champions of the municipal bond preference aren’t the only ones looking over their shoulder. But there also may be good reasons for bond supporters to be on the defensive.
The full article from The Hill can be found [here.]
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