WASHINGTON -- Plans by Congress and the Bush administration to draft a major tax package next year have breathed new life into some old proposals feared by the municipal market.

On Friday, the second day of House Ways and Means Committee hearings on taxes, more than two dozen members of Congress offered an array of plans to stimulate savings and economic growth and promote tax fairness. Several of those also could have the unintnded side effect of driving investors away from tax-exempts.

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