Overview
The Bond Buyer quoted Micah Green in a November 2 article titled “Muni Market Blindsided by Bond Provisions in House GOP Tax Plan.” The article explains why municipal bond market participants and infrastructure advocates were stunned and unhappy when House Republicans released a tax bill that would terminate private activity bonds and advance refunding bonds after this year. House Republican leaders have said the Ways and Means Committee will start deliberations on the bill, despite complaints from Democrats that this leaves little time to scrutinize the bill. The full House vote would come after that.
The Senate Finance Committee plans to release its own tax bill after the committee’s action.
Mr. Green says that if the basic rates and parameters remain the same as in the House bill, he can’t see how the bill in the Senate could be that much different. “It could be a different set of oxes gored,” he says, referring to revenue raisers.
The full article can be read at The Bond Buyer.
