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After months of rancorous fighting, Congress narrowly passed a last-minute deal to avoid most of the scheduled tax hikes and spending cuts and did not include a cap on tax exemption, allowing the muni market to breathe a temporary sigh of relief.
January 3 -
A top White House official reiterated on Tuesday that President Obama is committed to the 28% cap on the value of tax exemptions for high income earners, which includes municipal bond interest.
December 5
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