As a result of the tax preference for munis, the federal government not only forgoes the revenue that it would otherwise be collecting from the interest income, but more importantly, it effectively subsidizes greater spending and debt by state and local government agencies.

FORBES: For the Sake of Tax Reform, The Muni Bond Exemption (and State Tax Deduction) Must Go

Even so, there is considerable resistance from the owners of small businesses, who will be charged with collecting and remitting the tax revenue to the government.

ECONOMIST: Australia

Were they so highhanded, so essentially ignorant, that they didn't understand what it would mean to the American people when their IRS the revenue-collecting arm of the U.S. government is revealed as a low, ugly and bullying tool of the reigning powers?

WSJ: This Is No Ordinary Scandal