This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Statement From Municipal Bonds For America (MBFA) Regarding The Outcome Of The Fiscal Cliff Negotiations

WASHINGTON, Feb. 13, 2013 /PRNewswire-USNewswire/ -- Municipal Bonds for America (MBFA), a coalition of municipal officials, issuers, broker /dealers, and other bond market participants, issued the following statement regarding President Obama's remarks regarding infrastructure the State of the Union Speech:

Last night, President Obama called on Congress to invest in the nation's infrastructure, focusing on repairing the nation's broken roads and bridges.  The President called for a "Partnership to Rebuild America" to attract private capital to upgrade our nation's roads and bridges, ports, pipelines, schools.

Tax-exempt municipal bonds are the way to do that.  Municipal bonds finance schools, airports, bridges, health care facilities, affordable housing, and other vital infrastructure needs that touch our daily lives.

Municipal bonds have been a cost-effective, stable financing mechanism for local governments and financing authorities for 100 years and currently more than 30,000 government units issue tax-exempt bonds.

Access to municipal bonds is essential to ensuring the construction and improvement of the nation's infrastructure. The American Society for Civil Engineers estimates that the U.S. must invest $2.2 trillion in the next five years to meet the nation's physical infrastructure needs. Without access to tax-exempt municipal bonds, public infrastructure costs will increase significantly.  Much of that increase would be paid for by every taxpayer through increased taxes and fees.

To meet national infrastructure goals critical to moving the economy forward, we strongly encourage the Administration and Congress to work cooperatively to preserve the tax-exempt status for municipal bonds.

The contents of this message may be privileged and confidential. Therefore, if this message has been received in error, please delete it without reading it. Your receipt of this message is not intended to waive any applicable privilege. Please do not disseminate this message without the permission of the author.

MBFA is a rapidly expanding coalition of organizations and individuals interested in the preservation of tax-exempt bonds.  The coalition is educating the Administration and Congress on the municipal market and advocating for sensible rules for municipal bonds.  To learn more or to become involved in MBFA activities, please visit the coalition's website at www.munibondsforamerica.org.

 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs