WASHINGTON — The Joint Committee on Taxation has released revenue estimates for muni bond provisions in President Obama’s fiscal 2013 budget showing a gain of $520 billion over 10 years for the proposed 28% cap on the value of tax-exempt interest and other tax preferences.

The 28% cap is the largest revenue raiser in the president’s budget, according to the JCT’s estimates, which were included in a report released Wednesday afternoon. The committee’s estimate is nearly $65 billion less than the Obama administration’s projection of a $584 billion revenue gain over 10 years.

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