WASHINGTON — Supporters of Build America Bonds lobbied hard Wednesday to convince lawmakers and administration officials to extend the program for another year as it appeared possible that any compromise tax legislation might not contain any municipal bond-related provisions.

"I'm not feeling great about the bond provisions," one lobbyist said during the morning. "I would hate to end up with a deal that benefits high-income taxpayers that says, similar to the New York Post headline when President Ford refused to bailout New York City in the 1970s, 'State and Local Governments: Drop Dead.' "

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.