Recently, there has been a shift away from traditional truth‐conditional accounts of meaning towards non‐truth‐conditional ones, e.g., expressivism, relativism and certain forms of dynamic semantics. Fueling this trend is some puzzling behavior of modal discourse. One particularly surprising manifestation of such behavior is the alleged failure of some of the most entrenched classical rules of inference; viz.,modus ponensandmodus tollens. These revisionary, non‐truth‐conditional accounts tout these failures, and the alleged tension between the behavior of modal vocabulary and classical logic, as data in support of their departure from tradition, since the revisionary semantics invalidate some of these patterns. I, instead, offer a semantics for modality with the resources to accommodate the puzzling data while preserving classical logic, thus affirming the tradition that modals express ordinary truth‐conditional content. My account shows that the real lesson of the apparent counterexamples is not the one the critics draw, but rather one they missed: namely, that there are linguistic mechanisms, reflected in the logical form, that affect the interpretation of modal language in a context in a systematic and precise way, which have to be captured by any adequate semantic account of the interaction between discourse context and modal vocabulary. The semantic theory I develop specifies these mechanisms and captures precisely how they affect the interpretation of modals in a context, and do so in a way that both explains the appearance of the putative counterexamples and preserves classical logic.