WASHINGTON — Sen. Ron Wyden, who recently caused a stir in the municipal bond market by proposing a tax-reform bill that would eliminate tax-exempt bonds and replace them with tax-credit bonds, said yesterday he is open to discussing possible modifications to the legislation with critics.

“We know that there is concern and I’ve already signaled to them that we’re going to be open on that point in the days ahead,” the Democrat from Oregon told The Bond Buyer after speaking about the Bipartisan Tax Fairness and Simplification Act of 2010 at the Bipartisan Policy Center here.

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