Tax Reform 'Blank Slate' Would Wipe Out Muni Exemption

The Bond Buyer reports:

The Senate Finance Committee’s top two tax writers asked their 98 colleagues on Thursday to submit detailed proposals justifying which tax breaks should be kept in the code as they move forward on comprehensive tax reform. Committee chairman Max Baucus, D-Mont., and ranking minority member Orrin Hatch, R-Utah., called for a “blank slate” approach to tax reform, stripping all existing tax deductions, exemptions and credits including the tax exemption for municipal bonds from the code.

An article worth your time.