Trump Tax Reform Unlikely to Impact Municipal Bonds, BofA Says
- ‘Price independently of the top federal income tax rates’
- Political turmoil in administration may derail tax reform
Trump Tax Policy as Pro-Growth as Reagan's, Says Norquist
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Tax reform will have little impact on the value of municipal bonds, according to Bank of America Merrill Lynch strategists Philip Fischer and Celena Chan.
Looming tax reform has some investors worried that slashing the nation’s top individual tax rates may send demand for the securities tumbling. Municipal bonds are often purchased by wealthy investors seeking to lessen their tax burdens.