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Message| (51,046)    There is a new move afoot in Washington to
limit the tax advantages of municipal bonds.  We have warned of
this on several prior occasions over the past couple of years.
While the probability of success of such efforts was low before
the U.S. found itself it such a messy fiscal state, the chances
of muni-bond holders "sharing the pain" and paying their "fair
share" has risen substantially.  In today's Bloomberg, we find
this:  Obama Proposes Limits on Tax-Breaks for Municipal-Bond
Investors  Sept. 13 (Bloomberg) -- President Barack Obama
proposed curbing the amount of interest from municipal bonds
that top earners can exclude from their taxable income, a step
that may diminish demand for state and local-government
securities.  The president’s $447 billion job-creation plan
would pare the tax break for municipal-bond interest to 28
percent for couples earning more than $250,000 a year. Such tax-
exempt interest is currently wo