Muni Tax Cap Threatens $150 Billion in Calls, Citigroup Says

Muni Tax Cap Threatens $150 Billion in Calls, Citigroup Says

Pete Marovich/Bloomberg

U.S. municipal issuers may have to call as much as $150 billion of debt if President Barack Obama’s plan to limit income-tax deductions is applied to interest on the bonds, according to Citigroup Inc.