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Bonds Make for Strange Political Bedfellows

Klotz on Bonds

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<h3>James A. Klotz</h3>

James A. Klotz

They may not agree on much, but the Bush and Kerry camps have at least one thing in common: a strong affinity for tax-free bonds.

According to the recently released 2003 tax return of Teresa Heinz Kerry, the wife of the presidential candidate earned $2.78 million in tax-free income from “state, municipal and public entity bonds.”

But she’s not the only prominent political figure who’s fond of bonds.

As we previously noted, Vice President Dick Cheney and Defense Secretary Donald Rumsfeld also have significant holdings in tax-free bonds.

Municipal bonds, it seems, are one of the few things that enjoy strong bipartisan support.

James A. Klotz is the President of FMSbonds, Inc.
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Oct 22, 2004

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