House Members Ask Committee to Preserve Tax-Exempt Municipal Bonds
As Congress considers tax reform and infrastructure financing, a bipartisan group of more than 150 Representatives requested that the House Committee on Ways & Means recognize and preserve "the vital role of tax-exempt municipal bonds."
In a letter addressed to Committee Chairman Kevin Brady and Ranking Member Richard Neal, the Representatives stated:
"Any changes under consideration to the tax-exempt status [of municipal bonds] that would increase the cost of financing for states and local governments should be provided very careful consideration. We believe the current tax-exempt status contributes to efficient economic growth that benefits all Americans."
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