Does your Representative Support Muni Bonds?
Tax-exempt municipal bonds are an essential and irreplaceable tool for cities to finance the construction and maintenance of main street infrastructure. Tax-exempt municipal bonds finance nearly two-thirds of the nation's core infrastructure. Approximately $1.7 trillion in infrastructure investment over the last decade was financed with tax-exempt municipal bonds.
Despite proven success as a financing tool that drives development while saving local governments interest costs, tax-exempt municipal bonds could be capped, diminished or dismantled as a pay-for under federal tax reform. As Congress considers comprehensive tax reform, cities must stand strong in defense of municipal bonds.
One way to ensure support for tax-exempt municipal bonds is to help grow the Congressional Municipal-Finance Caucus. Founded in March 2016 by Representatives Randy Hultgren (R- Illinoisd) and Dutch Ruppersberger (D – Maryland), the Caucus is fighting for local governments' ability to independently finance projects to keep their communities strong. Congressman Hultgren has an updated list of members and more information about the Caucus.
We need your help to grow the Caucus. Click here to send a letter to your member of Congress today urging them to join the Congressional Municipal-Finance Caucus and protect the tax exemption for municipal bonds. By becoming a member of the Caucus, your member of Congress can join our fight to protect municipal bonds.
*This edited article above was reprinted with permission from the National League of Cities.