Municipal Bond Forum
Why discuss exemption defenders?
Q
“Regarding your article “Exemption Defenders Unite“, please continue to keep us informed on this activity as, I agree, it is an extremely vital issue.” W.D., North Carolina
“I think your article is stupid and incites fear. Why did you send it? Should you be soliciting a protest or petition, I would support that.” A.C., California
A
James A. Klotz responds:
Judging by the response we received from the article, there are many people who agree with W.D. However, for those like A.C. who wonder why we wrote it, our answer is simple: our firm has served municipal bond buyers for more than 35 years, and when there are proposals that would compromise the muni market, our clients and friends want to know about them. Keep in mind, these ideas aren’t emanating from some fringe groups. As we noted, the president is behind the effort to cap the tax benefit at 28%. As we also mentioned, we are confident his effort will fail. To ensure his proposal finds its way into the dustbin of history, we encourage you to contact your government representatives and express your opposition. They will likely agree with you.
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The responses provided in this forum are meant to address specific questions posed by investors about their municipal bonds and to provide market insight for our general audience. Please note, your investments, objectives, results and experience may differ significantly. Our answers and any potential strategies discussed should not be construed as a solicitation to buy nor sell any security or investment product. All investing entails risk.