On the recordMarch 18, 2013
Removing the tax exemption from municipal bonds could raise the city's borrowing costs substantially.
Source
congress.govRemoving the tax exemption from municipal bonds could raise the city's borrowing costs substantially.
Johnson highlights concerns about the impact of removing tax exemptions on municipal bonds.
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Well, I was informed after it happened. Look, no one is above the law in our system. And apparently, this was a long series, a long investigation.
And they thought that the evidence merited the search warrant. So we have to reserve judgment and let the system play out as it does.
I need to tell the White House what some of my colleagues think about that, and not everybody is in favor of the idea.