“Nearly two-thirds of core infrastructure investments in the United States are financed with municipal bonds. In 2015 alone, more than $400 billion in municipal bonds were issued to finance the projects that touch the daily lives of every American citizen and business. They are the roads we drive on, schools for our children, affordable family housing, water systems that supply safe drinking water, courthouses, hospitals and clinics to treat the sick, airports and ports that help move products domestically and overseas, and, in some cases, the utility plants that power our homes, businesses, and factories. These are the pro-growth investments which spur job creation, help our economies grow, and strengthen our communities.”
The letter states that any changes to the tax code should recognize the vital role of tax-exempt municipal bonds and that any changes to the tax exempt status should be provided very careful consideration.
If your representative did not sign the letter, this would serve as a good leave behind for any Capitol Hill meetings you plan during Spring Conference in April; and of course, if your representative did sign the letter we’ll want to thank them during our Hill visits in April.