Tax-Exempt Status of Municipal Bonds on Chopping Block in President’s 2014 Budget
State, county, and municipal leaders across the country are concerned about a portion of President Obama’s FY 2014 budget that would omit the tax-exempt status of municipal bonds. The exemption is blamed for causing the federal government to lose an estimated $30 billion in revenue in 2012. However, according to the “Protecting Bonds to Save … Read more