Thanks to grassroots support from state and local issuers and the dedicated support from many members of Congress, the House Municipal Finance Caucus garnered 154 co-signers on a letter addressed to Chairman Kevin Brady (R-TX) and Ranking Member Richard Neal (D-MA) about protecting munis from the potential threat of elimination through comprehensive tax reform. The letter describes the municipal bond as a “reliable and efficient means of financing” infrastructure that directly contributes to the strength of the U.S. The support is a positive sign of support in advance of comprehensive tax reform; however, the exemption on municipal bond interest may still face a significant threat through comprehensive tax reform.
Are your members of Congress on the letter? Contact them and thank them for their support!
Aren’t your members of Congress on the letter? Contact them and remind them what bonds have built in your jurisdiction (#builtbybonds).