Could Municipal Bonds Lose Their Tax-Exempt Status?

Will municipal bonds lose their tax exempt status? That’s the proposal found on page 211 of a 264 page report titled

Will municipal bonds lose their tax exempt status? That’s the proposal found on page 211 of a 264 page report titled “Budget Options, Volume 2,” that the Congressional Budget Office released on Aug. 6. The CBO proposes eliminating the tax-exempt status of state and local government bonds in favor of tax credits.

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