Reported 13 days ago
The impending victory of Donald Trump poses a risk to the tax exemption for municipal bond investors, as Republicans attempt to regain control of the White House and Congress. Trump's proposed tax cuts could necessitate finding new revenue sources, with the municipal tax exemption, costing the government less than $40 billion annually, seen as a potential target. Despite some bipartisan support for this exemption, analysts warn that removing it could hinder infrastructure financing and increase costs for local governments.
Source: YAHOO