WASHINGTON -- Passing bills to loosen tax law curbs on municipal bonds may become easier if House Republicans move forward with proposals to revamp the method for calculating revenue gains and losses for such bills, lobbyists said last week.

Incoming House Ways and Means Committee chairman Bill Archer, R-Tex., and other top Republicans said recently they want to change those calculations to reflect the effect that tax proposals have on the economy, and not just on the Treasury's balance sheet. Such a change would cause bond proposals to get smaller price tags than they have received in the past, lobbyists said.

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