Wednesday, 04 August 2021 22:57

Watch Out for this Big New Risk to Munis

Written by
Rate this item
(0 votes)

(New York)

Munis have had a great year. Ever since Biden’s election, munis have surged in value because of two core assumptions. The first, and by far the biggest, is that taxes were likely to rise with Democrats in power. The second is that the Democrats would be more financially supportive of states and local governments. In the immortal words of Lee Corso, we’re here to say “not so fast!”. The assumption that taxes are going to rise looks weaker and weaker, and the same goes for the financial support for states.


FINSUM: The Democrats were not able to force through tax rises alongside this major infrastructure package, and their chances of getting any tax hikes through before the midterm elections looks poor.

Contact Us

Newsletter

Subscribe

Subscribe to our daily newsletter

Top
We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…