Republicans Open To Saving Private Bonds In Tax Overhaul

By Jimmy Hoover (November 8, 2017, 5:49 PM EST) -- The Democratic effort to save tax benefits for a popular type of municipal bond saw a glimmer of hope Wednesday as some Republicans signaled a willingness to preserve the benefits during a markup hearing of the House GOP tax reform bill.

As it is currently written, the bill would eliminate federal tax benefits for so-called private activity bonds –– a common financing tool for projects like hospitals, airports and low-income housing developments. Republicans, who have marked a number of existing deductions for deletion in the new tax bill to offset cuts in other places, say that private activity bonds have been...

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