WASHINGTON - Proponents of municipal bonds may have to reinvent the wheel next year when it comes to educating members of Congress on issues related to tax-exempt finance.

Bond proponents spent the last six years working to make legislators understand the problems the Tax Reform Act of 1986 created for the municipal market. This effort began to pay off in the last couple of years, as Rep. Beryl Anthony, D-Ark., made his colleagues more aware of the problems with the tax act and Congress became more willing to pass proposals to ease bond curbs.

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