any proposal other than how to calculate income tax directly tax municipal bonds is reasonable. the loss of deductions proportionate to the presence of exempt income is paralleled in the current law which taxes SS benefits based on overall income, including tax-exempt income.
it is a reasonable part of overall tax reform, and is troubling only to someone either looking for something to pick on or someone who has a strong personal interest in tax-exempt income.
So, Mr Golub, take your country-club loafers back to Gucci’s and join the real world.
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