Republican legislators have placed tax-exempt bonds on the regulatory chopping block — as the cost to renew expiring provisions of President Donald Trump’s 2017 Tax Cuts and Jobs Act continues to grow — putting municipal leaders in the eye of a storm. Public finance advocates are flocking en masse to Capitol Hill in an effort to convince representatives of how significant the exemption is for the markets, amid efforts to return tax-exempt advance refunding and lift the ceiling on bank-qualified debt.
Source: The Bond Buyer
