Category: MBFA Letters to the Hill

MBFA Executive Committee Submits Thank You to Rep. Randy Hultgren

The Municipal Bonds for America (MBFA) Executive Committee recently sent a “thank you” to Rep. Randy Hultgren (IL-14) for his dedication to preserving the tax-exempt status of municipal bonds and for his support in co-creating the Congressional Municipal Finance Caucus, which he also co-chaired, during his time in Congress.

MBFA Submits Thank You Letter to Congressional Leaders

The MBFA Coalition submitted a thank you letter on January 2nd, 2018, to Congressional Leaders for their assistance in preserving the tax-exempt status of municipal bonds, including PABs in the Tax Cuts and Jobs Act.  

Mayor Benjamin Submitted Letter to Sen. Cardin on Amendment to Strike Advance Refunding Provision

Steve Benjamin, Mayor of Columbia, SC, and Chairman of the Municipal Bonds for America (MBFA) Coalition, submitted a letter showing support for Sen. Cardin’s amendment, which would strike the repeal of advance refunding bonds in the Tax Cuts and Jobs Act.  The MBFA is appreciative of the attention that is being paid to this very…
Read more

MBFA Letter to Senate Finance Chairman Hatch

The Municipal Bonds for America (MBFA) Coalition submitted a letter to Senate Finance Chairman Orrin Hatch (R-UT) and other members of the Senate Finance Committee to show its appreciation for protecting the underlying tax exempt status on municipal bonds, including private activity bonds (PABs). However, the Coalition strongly objected to the inclusion to deny tax…
Read more

MBFA Letter to the Senate and House Leaders

Download PDF  

MBFA Submits Comment Letter on the Proposed IRS Political Subdivision Rule

On August 7th, the MBFA submitted a comment letter on the IRS’ proposed political subdivision rule, which is currently being reviewed per the requirements of Executive Order 13789 that requires the Secretary of the Treasury to review temporary, proposed, or final IRS regulations issued between January 1, 2016, and April 21, 2017 — the date…
Read more

MBFA Submits Comment Letter to SFC Chair Hatch on Tax Reform

On Monday, July 17th, the MBFA Coalition submitted its comment letter and policy recommendations in response to Senate Finance Chairman Orrin Hatch’s (R-UT) request for expert and stakeholder input on tax reform. The MBFA’s letter was endorsed by local Utah leaders including Mayor Ben McAdams (Salt Lake County) and Amy Rowland (Utah Director – National Development Council).

385 Organizations Sign Letter to Save the Muni-Exemption

On February 21, 2017, the Municipal Bonds for America (MBFA) Coalition sent a new letter to the House and Senate Leaders, including House Ways and Means and Senate Finance Committee leaders, urging them to retain the current law status on municipal bonds as a part of their ongoing debate on comprehensive tax reform. The letter is…
Read more

MBFA Submits Letter to House Leadership: Defends Muni Tax Exemption in Response to “Blueprint”

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. You can view a copy of the letter here.

MBFA Sends Letter to Senate Finance Committee Tax Reform Working Group

The Municipal Bonds for America (MBFA) Coalition sent a letter to Senators Dean Heller (R-NV) and Michael Bennet (D-CO), the co-chairs of the Senate Finance Committee Community Development & Infrastructure tax reform working group. The working groups are in the process of gathering information to make recommendations on their group’s topic regarding tax reform to…
Read more

MBFA Sends Letters to President Obama and Representative Dave Camp regarding Municipal Bond Provisions in Tax Reform Draft

The MBFA coalition wrote letters to President Obama and Representative Dave Camp expressing their concern and opposition to proposed provisions in the tax reform draft targeting municipal bonds. Download the letter to President Obama here. Download the letter to Representative Dave Camp here.

The MBFA Executive Committee writes letter urging U.S. Senators to include federal tax exemption for municipal bonds in approach to tax reform.

MBFA Executive Committee urges U.S. Senators to include federal tax exemption for municipal bonds.

138 Members of Congress Send Letter to House Leadership Opposing Limitation on Muni Bonds

MBFA sends letter to House Leadership opposing any limitation of the tax exemption on Municipal Bonds.

MBFA Urges Support for Dear Colleague Letter Supporting Tax Exemption for Municipal Bonds

Reps. Ruppersberger and Hultgren have co-authored a letter to Speaker Boehner and Minority Leader Pelosi urging them to reject any proposal that seeks to limit the value of the tax-exemption for municipal bonds.

MBFA Submits Statement to the Tax Reform Working Groups

Today the MBFA submitted a statement to the House Ways and Means tax reform working groups on Debt, Equity and Capital (Reps. Marchant (R-TX) and McDermott (D-WA)); Financial Services (Reps. Smith (R-NE) and Larson (D-CT)); and Charitable and Exempt Organizations (Reps. Reichert (R-WA) and Lewis (D-GA)). Click here to view the statement.

Issue Brief For Policymakers: Do Not Damage Municipal Bond Financing

This two-page overview, “Do Not Damage Municipal Bond Financing: A System Working Well to Build America’s Future,” explains the threats and costs to state and local government infrastructure financing should the tax exemption for municipal bonds be limited, or if municipal bonds are replaced with federally subsidized direct-pay bonds.

MBFA Submits Statement for the Record to House Ways and Means Committee for Hearing on Tax Reform

MBFA’s statement focuses on the vital importance of maintaining the tax exempt status of municipal bonds and the potential impact on the municipal market, investors, and issuers if the tax exemption for municipal bonds is altered, replaced or eliminated.

Encourage Your Congressman to Cosponsor House Resolution 112 In Support of Muni Bonds

Ask your Member of Congress to Support House Resolution 112 recognizing that for 100 years, municipal bonds have been free from federal taxation, giving state and local governments the ability to build roads, runways, schools, affordable housing, utilities and other critical infrastructure.

MBFA Releases Analysis: 28% Cap Limits Future Economic Growth

An analysis released today by the Municipal Bonds for America coalition concludes that a proposal favored by the Obama Administration and some in Congress to establish a 28% limit on the value of deductions and exemptions would do little to help solve the nation’s fiscal crises while raising borrowing costs for state and local governments, limiting infrastructure development and constraining the type of economic or job growth that is essential to addressing the federal government’s fiscal crisis.

MBFA Sends Letters to President Obama & Leadership on Capitol Hill: Maintain Tax Exemption for Municipal Bonds

Today, the Municipal Bonds for America (MBFA) coalition sent a letter to President Obama and House and Senate Leadership urging them to maintain the tax exempt status of municipal bonds. MBFA specifically warns leadership of the negative consequence of limiting the value of the tax exemption and urges them to ensure it does not become part of any deal to address the fiscal cliff.