Media Alert: MBFA Comments Featured in BondBuyer Article on Muni Advocacy
The MBFA was featured in a BondBuyer article featuring its recent comments to the House Ways and Means Committee Community Development Tax Working Group in support of municipal bond provisions in anticipation for next years tax debate.
The article can be found here.
The MBFA comments can be viewed here.
The Municipal Bonds for America coalition is pressing the importance of key legislative issues affecting the world of public finance onto the docket of the powerful House Committee on Ways and Means. “We did some meetings up on the Hill earlier this summer, almost simultaneously as when Ways and Means majority leadership announced their tax working groups,” said Brett Bolton, SVP of Bond Dealers of America.
Their letter provides a primer of the key legislative efforts underway that affect the municipal bond market including promoting the municipal bond tax exemption in the context of infrastructure and the restoration of advance refunding for tax exempt bonds.
The eight-page missive also calls for expanding the use of private activity bonds, raising the bank-qualified debt limit, and creating a direct-pay bond like the Build America Bonds that is immune to any budget sequestration efforts.
