Muni's loosing their tax exempt status?

By JASON ZWEIG

Every few years, Congress floats the idea of reducing or eliminating the muni-bond tax break, long favored by investors looking to shelter income from Uncle Sam. Analysts and investors say that tax overhaul has to be part of deficit reduction—and that the tax exemption on muni-bond interest is fair game.

"We can no longer afford to dismiss it as if it can't happen," says Edward Reinoso, a 40-year veteran of the muni market and chief executive of Castleton Partners, an asset-management firm in New York. "It could happen."

http://online.wsj.com/article/SB10001424052748704810504576307233579693982.html