Updated Friday, July 31, 2015 as of 7:26 AM ET

Munis In The Crosshairs No Matter Who Wins Tuesday

The most important impact to the municipal bond market directly relates to who the players will be that will dictate the tax reform agenda. In this election, tax reform has been perhaps the highest profile issue shared by both candidates as well as those running for Congress. Proposals to date do not appear as well defined or even sketched in stone that there is a likely outcome — no matter which party comes away as victor. Proposals span from those that dramatically change the tax code that might involve the elimination of tax exemption to those that tweak the tax code to eliminate deductions. However, even before the next president is inaugurated, the unresolved fiscal cliff scare could be extremely bullish for muni bonds in general as the Bush tax cuts expire and the economy’s potential for a recession becomes highly elevated.

Get access to this article and thousands more...

All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.

Already Registered?

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here