The exclusion of interest of state and local bonds from, Financial Management

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The exclusion of interest of state and local bonds from

The exclusion of interest of state and local bonds from taxation by the federal government: a. decreases interest costs for state and local governments. b. increases interest costs for state and local governments. c. benefits lower-income taxpayers more than upper-income taxpayers. d. discourages borrowing by local governments.

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Financial Management: The exclusion of interest of state and local bonds from

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