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Ask Your Congressional Representatives to Support MuniBonds

February 25, 2015
In anticipation of another effort this year to eliminate or modify the current tax-exemption for municipal bonds (MuniBonds), the National League of Cities is encouraging Congressional members to sign onto a bipartisan Dear Colleague letter being led by Reps. Randy Hultgren (IL-14) and C.A. Dutch Ruppersberger (MD-02).
 
The letter to House leadership urges support for the preservation of the tax exemption on municipal bond interest.
 
The deadline for your representative to sign on is this Thursday, Feb. 26. That’s why we need you to ask your representative to sign on immediately. 
 
With tax-exempt municipal bonds, local governments finance roads, water infrastructure, public utilities, health care facilities, and so much more. However, despite their enormous effectiveness as a financing tool that drives development and creates jobs while saving local governments’ interest costs, tax-exempt bonds are threatened. Several federal proposals have emerged over the last few years, including the President’s FY 2016 budget proposal, that would modify the tax exemption or eliminate it entirely.


 
© League of California Cities