State and local groups are aggressively lobbying Congress in the remaining days they are in session to pass some form of legislation that resembles the Marketplace Fairness Act so they would be able to collect taxes from online sales.
State and Local Groups Urge Congress to Pass Online Sales Tax Bill
NOV 30, 2012 3:42pm ET
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"One of these things does not belong" is a catchy slogan and it comes to mind when looking at the latest tax policy ideas coming from Washington when looking at the municipal bond tax exemption. The exemption is not a result of the growth of a tax code designed to induce or reduce certain behaviors. Rather, it is the foundation for the flow of capital in a $3.7 trillion dollar market required to efficiently finance the nation's infrastructure.
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