A new report by a budget group might bring a sigh of relief to muni market participants as it outlines alternatives to raising revenue that don’t include curtailing tax-exempt bond interest and other tax expenditures.

The Committee for a Responsible Federal Budget’s report, “Beyond Tax Expenditures,” which was published Wednesday, identifies “non-tax expenditures base provisions” within the income tax structure that could provide a substantial resource for deficit reduction and tax reform by broadening the existing income tax base.

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.