Congress Mulls Muni Bond Boost

Law360, New York (January 7, 2009, 12:00 AM EST) -- As part of a massive economic stimulus package that President-elect Barack Obama hopes to sign into law soon after his Jan. 20 inauguration, Congress is mulling changes that could make municipal bonds more attractive to investors and boost local government coffers.

Two proposals are being considered by Obama's transition team and congressional negotiators from the House Ways and Means Committee and the Senate Finance Committee, a congressional aide told Law360 Wednesday morning.

Currently, smaller local and regional banks can only deduct interest payments on loans used...
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