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In Effort to Protect the Muni Bond Tax Exemption, 'It's a Full Court Press'
Route Fifty: WASHINGTON — Determined to protect a federal tax exemption on municipal bond interest, which is thought to lower borrowing costs for state and local governments, mayors are preparing for an aggressive lobbying effort on Capitol Hill.
“We’re going to speak to every member of Congress,” Columbia, South Carolina, Mayor Stephen Benjamin told Route Fifty during an interview at the U.S. Conference of Mayors winter meeting, which is taking place this week in the nation’s capital. “It’s a full court press.”
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