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The bond exemption should be continued. Despite claims from the CFO, DC bonds are too thinly traded to have any meaningful market. Further, the way this was done has eliminated any ability for seniors or others concerned about the issue to receive a fair hearing on the matter.

The Council should repeal this tax proposal now, but if it wants to re-implement at a later date, there should be fair and public hearings. To me, that is the bigger issue, than the tax itself.

by Andrew on Jun 14, 2011 9:32 am • link • report

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