Trump Advisor Calls to End Muni Tax Break

What You Need To Know

• “You want to tax the rich? This is a good way to do it,” said Stephen Moore.
• But the municipal-bond tax exemption underpins the $4 trillion state and local government debt market.
• Elimination of the muni tax exemption would yield about $250 billion in savings, according to a menu of options circulated among GOP lawmakers earlier this year.