WASHINGTON — Tax-exempt bonds face a serious threat from tax reform or deficit reduction, experts agreed at a tax policy meeting held here late last week.

“I think that the state and local tax-exempt bonds are under attack,” John Buckley, former chief Democratic tax counsel for the House Ways and Means Committee, said at the meeting, which was sponsored by the Urban Institute and the Tax Policy Center and George Mason University. “There is no question about it.”

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