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TAX-FREE OR NOT TAX-FREE? THAT IS THE MUNI QUESTION.
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The article reports that the status of municipal bonds in the U.S. is in limbo as the tax-reform package is moving through U.S. Congress. For the moment, the municipal bond market is acting as if the government will impose for the first time effective limits on the exemption of municipal interest from federal taxes. New-issue volume has dived, in contrast to the previous year's record performance.
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