State & Local Government Policy, Business and Technology

Leaders commit to fight for preserving tax-exemption of municipal bonds through Trump Administration

American City and County: Donald Trump's campaign rhetoric about changing the U.S. tax code alarmed some city leaders over the potential effects on municipal bonds' tax-exempt status. However, subsequent statements from the president-elect and experts' economic analysis have eased some worries, professionals in the municipal bond market continue to fight to ensure the bonds' tax-exempt status.

Trump promised to overhaul the U.S. tax code while on the campaign trail, leading some to worry about Trump keeping municipal bonds' tax-exempt status on the table, Politico reports. The lack of clarity in Trump's tax plan was an additional cause for worry for some, The Bond Buyer report

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