Overview
The Bond Buyer quoted Micah Green in a December 30 article titled “Tax Reform Bill Unlikely But Muni Market Must Remain Vigilant.” The article discusses the likelihood of tax reform legislation being passed in 2016. While some observers feel it won’t happen, there is talk that House Republicans could try to move forward with international or corporate tax reform.
By enacting the $1.1 trillion omnibus spending bill and the tax bill in December 2015, lawmakers do not have much left to do in 2016.
Mr. Green, who co-chairs Steptoe’s Government Affairs and Public Policy Group, says: "Everyone would agree that what Congress ended getting done at the end of the session was a larger package than expected. The tax bill extends expired tax provisions through the end of 2016.”
The full article can be read at The Bond Buyer (subscription required).