Proponents of the tax-exempt status of municipal bonds have come together to create a non-partisan political action committee, hoping to preserve the exemption and convey the importance of keeping it to the average taxpayer.

ACT NOW — Americans Calling for Truth NOW — is a grassroots activist group co-founded by John Kraft and Jason Capizzi, bond counsel at John L. Kraft Esq., LLC. They held a seminar Thursday to discuss threats to the tax exemption with other leaders in the bond market, including Jim Lebenthal, Standard & Poor’s, the National Association of Bond Lawyers, and the New Jersey State League of Municipalities.

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