The MBFA Coalition submitted a letter to House Speaker Paul Ryan (R-WI) and Rep. Kevin Brady (R-TX), Chairman of the House Ways & Means Committee in response to the release of the "Blueprint" on tax reform to maintain the tax exemption for municipal bonds.
Since the advent of the U.S. tax system, state and local governments have used tax-exempt municipal bonds to finance the construction and maintenance of community necessities such as roads, bridges, schools, hospitals and sewers.
On July 21, 2015, the MBFA Coalition hosted a Capitol Hill fly-in and a Municipal Bonds 101 Seminar. MBFA members spent the day meeting with House and Senate leadership, tax-writing, budget, and banking committees discussing the benefits of municipal bonds and advocating to preserve their tax-exemption.
MUNICIPAL BONDS FOR AMERICA is a non-partisan coalition of municipal bond issuers and State and local government officials along with other municipal market professionals working together to explain the benefits of the tax-exempt municipal bond market which provides the financing needed to build vital infrastructure throughout the United States.
As we work to renew economic growth in America, it is critical that cities and states have access to the capital they need to make our nation competitive.
Harry Black, Director of Finance at the City of Baltimore