Tax-Exempt Bonds: A Sacred Cow That Gave (Some) Milk

Dennis Zimmerman

National Tax Journal, 1989, vol. 42, issue 3, 283-92

Abstract: Discusses why tax-exempt bonds remained untouched for the first fifty-four years of the income tax. Describes the factors responsible for the decision that too much money was being spent to subsidize industrial development bonds at the expense of governmental or public-purpose bonds.

Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:ntj:journl:v:42:y:1989:i:3:p:283-92

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