Congressman C.A. Dutch Ruppersberger of Maryland is taking the lead to protect the tax exemption on municipal bonds, a position urged by MACo. Tax-exempt municipal bonds finance state and local infrastructure including schools, hospitals, water, sewer facilities, public power utilities, roads and mass transit.

Congressman Ruppersberger’s press release describes,

As a former county councilman, county executive and president of the Maryland Association of Counties, Congressman Ruppersberger believes that tax-exempt bonds are among the most efficient way to fund critical infrastructure projects that have created hundreds of thousands of jobs.

For more information, read the press release from Congressman Ruppersberger here and read our previous post on Conduit Street here.