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Trump's Return? Muni Bonds on the Chopping Block!
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Subscribe19 JUL 2024 / ACCOUNTING & TAXES
Donald Trump's political reunion has caused rising concern in the municipal bond market due to his pledge for further tax cuts, possibly by removing the tax exemption on municipal bonds which conservatively cost the US government $40B per annum. Investors and tax professionals are closely monitoring this potential move as it could alter market dynamics, increase local government borrowing costs, and disrupt essential public infrastructure projects.
Donald Trump's return to the political scene is causing significant speculation in the municipal bond market. His promise of even deeper tax cuts is amplifying concerns. Recent events, including an attempted assassination at a rally on June 13, in Butler,...
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