Peter A. Dattilo, a veteran of the Battle of the Bulge in World War II and almost 40 years in the municipal bond industry, died last week. He was 88.
Obituary: Peter A. Dattilo
JUL 22, 2013 3:51pm 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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