WASHINGTON - The Congressional Budget Office has issued a report analyzing the revenue effects of 188 budget options, including replacing exempt interest earnings from muni bonds with tax credits beginning in 2011, which it says would generate $19.8 billion over the next 10 years.

“Budget Options, Volume 2,” issued by the CBO late Thursday, also looked at the revenue savings from limiting or eliminating private-activity bonds, removing federal assistance for the District of Columbia, repealing the low-income housing tax credit, and taxing public utilities.

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