Tax Policy And Public Investment: Evaluating The Risks of Repealing Tax-Exempt Municipal Bonds
In a move with sweeping fiscal and political implications, the current administration is reportedly targeting the tax-exempt status of municipal bonds, which have long been a cornerstone of public finance in the United States. The target is subtle but seismic. As Washington hunts for revenue in a high-deficit, post-pandemic economy, tax-exempt municipal bonds—long considered sacrosanct—are […]
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