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Opinion: Muni bonds' tax-exempt status needed for infrastructure investment
Comprehensive tax reform should leave in place the tax-exempt interest paid on municipal bonds,
writes Timothy Firestine, chief administrative officer of Montgomery County, Md., in this op-ed signed with several other associations. Municipal bonds are financing some of the rebuilding after superstorm Sandy. "Repealing, replacing or limiting the tax-exemption on municipal bond interest would cause governments -- and taxpayers -- to pay more for their infrastructure needs," he writes.
Politico (12/5)
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