Two groups representing dealers, issuers, and the nation’s governors have sent letters to Senate Finance Committee leaders urging them to preserve the federal tax exemption for municipal bonds.
The separate letters by Municipal Bonds for America Coalition and National Governors Association, addressed to Sens. Max Baucus, D-Mont. and Orrin Hatch, R-Utah, come just before a Friday deadline for Senators to submit their tax reform proposals. They emphasize the importance of muni bonds to funding America’s most important infrastructure projects.