The Municipal Bonds for America (MBFA) Coalition sent a new letter to the House and Senate Leaders urging them to retain the current law status on municipal bonds as a part of their ongoing debate on comprehensive tax reform.
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.
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.
This is not dessert, this is bread and butter…investment in our cities is non-negotiable.
Stephen Benjamin, MBFA Chairman