Legal
William R. Bay, president of the American Bar Association.

As the Senate Finance Committee works on the the reconciliation puzzle, attorneys, accountants, and doctors are lobbying for keeping the pass-through exemptions that provide a workaround to the cap on state and local taxes in place.

Community Standouts
New Issuance
Kevin Warsh

Kevin Warsh's nomination to the Federal Reserve chairmanship will require a second vote, which should happen this week.

Kevin Warsh

Kevin Warsh's nomination to the Federal Reserve chairmanship will require a second vote, which should happen this week.

Anatomy of a Deal
MuniThink

Companies' day-to-day interactions with the capital markets could be better exploited through the adoption of enterprise-wide reputation risk management strategies and the deployment of insurance products that validate the effectiveness of those practices.

Andrew Kalotay says taxpayers would have come out half a billion ahead had the issuer waited out the call date instead of refunding their exempt bonds with taxable paper for 14 transactions between 2018 and 2020.
MuniThink

Issuers routinely refund 5% bonds in year 10, and the resulting savings can be significant. It is notable that although refunding is typically associated with declining interest rates, 5% bonds are refunded even if rates rise.

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