Even Muni Bonds May Be Targeted in ‘Fiscal Cliff’ Talks
In a CNBC piece published on November 21, the issue of taking away some of the advantage of tax-free municipal bonds was discussed in relation to the Fiscal Cliff. For that reason, the coalition, Municipal Bonds for America will hold its first fly-in to meet with congressional leaders on the threat to muni financing.
The fly-in is an effort spearheaded by issuer and regional dealers to set forth the “real possibility that near-term efforts to address the fiscal cliff efforts to address the fiscal cliff could include a cap on the amount of deductions that would threaten the tax-exempt status of munis.”
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