DC Update: Biden Administration Ignores the Tax-Exemption in 2025 Tax Priorities

For the second consecutive year, the Biden Administration failed to promote the tax-exemption in its FY 2025 Treasury Green Book– an annual release of the Administrations tax priorities.  While the Biden White House has promoted infrastructure investment throughout this term, the lack of prioritization of muni’sheading into the election and likely Tax Cuts and Jobs Act is concerning.

This follows a policy paper from the conservative American Enterprise Institute, that called for an elimination of the tax-exemption for all bonds, claiming it is an inefficient financing mechanism for state and local governments.

*With both parities working towards compromise, and alienating the tax-exemption, the time for increased education and advocacy is now. *

The Municipal Bonds for America coalition continues to work with our partners here in DC to lay the groundwork for a proactive advocacy effort to promote and protect munis.

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