AMWA: Trump tax plan doesn’t mention muni bond interest

In April, the Trump Administration released a one-page outline of a tax code overhaul that it says will grow the economy, simplify tax filing and lower rates for businesses and middle-income families.  The outline does not definitively indicate whether or not municipal bond interest income would be subject to new taxation, though it does promise to eliminate unspecified tax breaks “that mainly benefit the wealthiest taxpayers.”