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Commentary: Threats to Tax-Exemption Also Threaten Our Clean Water

APR 3, 2013 11:13am ET

Municipal bonds brought us clean water at the tap. This crucial development is in danger from proposals to eliminate the tax-exemption on municipal securities for essential governmental purposes.

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Comments (1)
Good article. But "You don't know what you got till it's gone" are the words of Joni Mitchell ("Big Yellow Taxi").
Posted by peterspamw | Thursday, April 04 2013 at 10:47AM ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.

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