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 Continue reading

House Releases Tax Reform Legislation

Today, the House Committee on Ways and Means released its much anticipated tax reform package – “The Tax Cuts and Jobs Act”. The legislation maintains the tax-exemption for municipal bonds, while slashing rates for both individuals and corporations.   The Continue reading

MBFA Chair Contributes Op-Ed in The Hill

Today, Steve Benjamin, Mayor of Columbia, S.C., and Chair of the Municipal Bonds for America (MBFA) Coalition, contributed an op-ed in The Hill, which can be read here. The article focuses on how those faced with the devastation left behind by Continue reading

MBFA Applauds President Obama’s Remarks on Bonds in SOTU

WASHINGTON, D.C. (January 20, 2015)—The Municipal Bonds for America Coalition (MBFA) welcomes President Obama’s remarks regarding infrastructure investment in his 2015 State of the Union address. We agree that improving infrastructure should be a bipartisan issue. The President’s remarks highlight Continue reading

Bond Buyer Commentary: Bonding the Nation Back Together

In the last week, even as the bells began their mournful knell on Patriot’s Day in Boston and just before a scene of absolute devastation ripped apart the community of West, Texas, Rep. Devin Nunes, R-Calif., and Messieurs Erskine Bowles and Alan Simpson separately proposed threats to state and local tax-exempt municipal bonds. Continue reading

The Street – Obama’s Muni-market Tinkering Could Ding Everyone

The municipal bond market was dealt a harsh blow. On Wednesday, President Obama released his fiscal 2014 budget proposal. It had about $800 billion in new taxes over the next 10 years, says TheStreet’s Joe Deaux. The plan also includes measures to place a 28% cap on the amount of interest bond investors can deduct from their taxable incomes. Continue reading

WSJ: Plan to Cap Tax Breaks Is Gaining Steam

Although we can’t know the exact details of what will be include in the President’s Budget at this time, many believe it will not change in a significant way from what has been proposed in the past. This means there is a good possibility for the plan to include a limit on the value of itemized deductions and other income-tax breaks at 28% for higher income households. Continue reading