Republished from: Investment News.

In the proposed 2013 budget released today, Obama reprised his call to cap deductions, including tax-exempt interest, for families earning more than $250,000 a year. He also wants to revive Build Americas, taxable bonds whose interest bills are paid in part by the federal government. Obama also proposed lifting restrictions that prevent states and cities from refinancing bonds.
The president’s proposals may face obstacles in Congress, where …