On Thursday, September 21st, the MBFA held a webinar featuring experts who discussed the prospects for tax reform, the potential changes to the municipal bond market, and how these changes could impact K Street, Wall Street and Main Street. A recording of this webinar is available under the events tab.
On Thursday, September 14th, Steve Benjamin, Mayor of Columbia, S.C., and Chair of the Municipal Bonds for America (MBFA) Coalition, contributed an op-ed in The Hill. The article focuses on how those faced with the devastation left behind by Hurricanes Harvey and Irma can look to the traditional bond market to rebuild stronger, smarter and more resilient communities.
The MBFA recently submitted a comment letter on the IRS' proposed political subdivision rule, which is currently being reviewed per the requirements of Executive Order 13789. The letter urges Treasury to rewrite or repropose the rule as it will add undue complexity and confusion to Federal Tax law for purposes of tax-exempt municipal bonds.