Category: D.C. Action

MBFA Submits Statement to the Tax Reform Working Groups

Today the MBFA submitted a statement to the House Ways and Means tax reform working groups on Debt, Equity and Capital (Reps. Marchant (R-TX) and McDermott (D-WA)); Financial Services (Reps. Smith (R-NE) and Larson (D-CT)); and Charitable and Exempt Organizations (Reps. Reichert (R-WA) and Lewis (D-GA)). Click here to view the statement.

Issue Brief For Policymakers: Do Not Damage Municipal Bond Financing

This two-page overview, “Do Not Damage Municipal Bond Financing: A System Working Well to Build America’s Future,” explains the threats and costs to state and local government infrastructure financing should the tax exemption for municipal bonds be limited, or if municipal bonds are replaced with federally subsidized direct-pay bonds.

MBFA Submits Statement for the Record to House Ways and Means Committee for Hearing on Tax Reform

MBFA’s statement focuses on the vital importance of maintaining the tax exempt status of municipal bonds and the potential impact on the municipal market, investors, and issuers if the tax exemption for municipal bonds is altered, replaced or eliminated.

Encourage Your Congressman to Cosponsor House Resolution 112 In Support of Muni Bonds

Ask your Member of Congress to Support House Resolution 112 recognizing that for 100 years, municipal bonds have been free from federal taxation, giving state and local governments the ability to build roads, runways, schools, affordable housing, utilities and other critical infrastructure.

MBFA Releases Analysis: 28% Cap Limits Future Economic Growth

An analysis released today by the Municipal Bonds for America coalition concludes that a proposal favored by the Obama Administration and some in Congress to establish a 28% limit on the value of deductions and exemptions would do little to help solve the nation’s fiscal crises while raising borrowing costs for state and local governments, limiting infrastructure development and constraining the type of economic or job growth that is essential to addressing the federal government’s fiscal crisis.

MBFA Sends Letters to President Obama & Leadership on Capitol Hill: Maintain Tax Exemption for Municipal Bonds

Today, the Municipal Bonds for America (MBFA) coalition sent a letter to President Obama and House and Senate Leadership urging them to maintain the tax exempt status of municipal bonds. MBFA specifically warns leadership of the negative consequence of limiting the value of the tax exemption and urges them to ensure it does not become part of any deal to address the fiscal cliff.

Model Resolutions for State and Local Governments

MBFA member Steven Benjamin, Mayor of Columbia, South Carolina, has shared an approved resolution opposing any limits from Congress on the use of tax-exempt bonds by state and local governments.  Please click on the link below to access the resolution. Download PDF In addition, MBFA member RTA has shared an approved resolution opposing any limits…
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MBFA Sends Letter to Tax Committee Leadership in Congress

An MBFA letter to top tax committee leadership in Congress defending the tax exemption on municipal bonds. Download PDF

Federal Tax Reform: What’s at Risk

An issue paper created by the BDA identifying what’s at risk when it comes to the future of tax exemption. Download PDF

Letter from Joint Committee on Taxation

A Joint Committee on Taxation memorandum to the Senate Finance Committee analyzes the revenue effects and tradeoffs from, collectively, (1) repeal of the alternative minimum tax, (2) repeal of the overall limitation on itemized deductions for certain taxpayers, (3) repealing all itemized deductions; (4) taxing capital gains and dividends as ordinary income, and (5) repealing…
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