Investment News’ Gregg Greenberg asked for HVP’s view on recent rumblings about altering the tax status of municipal bonds as way to generate additional tax revenues. While we view it as unlikely, it would be an outside of the box way to generate revenue. Muni bond buyers tend to be HNW individuals which could make such a policy more politically palatable. Concentrated costs and diffuse benefits are a favorite legislative formula.
July 23, 2024
Investment News: Municipal Bonds = Political Football?
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