WASHINGTON — Tax-exempt bonds should not be replaced and should be excluded from any cap on tax expenditures, a municipal bond coalition wrote leaders of Congress on Tuesday.

Municipal Bonds for America (MBFA), a coalition of muni market groups and participants fighting to stave off threats to tax exemption, urged lawmakers not to eliminate tax-exempt bonds as they consider new forms of revenue for tax reform and proposals to avoid the so-called “fiscal cliff.”

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