Tax exemptions

Mesirow's George Barbar said the group's top legislative focus is preserving the municipal bond tax exemption.

The BDA met last week ahead of the House Ways and Means launching talks on what the reconciliation tax package may include.

The House now needs to negotiate a final budget resolution with the Senate, whose leaders have said they want to make the TCJA permanent.

The unpredictable nature of legislating leads most to holding off on disclosure changes until a bill becomes a law.

Portfolio managers seem more sanguine about threats to the tax exemption from Congress.

The deeper the proposed cuts, the more the municipal market fears for the fate of tax-exempt bonds.

Texas Sen. John Cornyn remains a supporter of private activity bonds, his staff told BDA.

The muni industry is trying to get to the bottom of questions around how the House arrived at savings estimates for eliminating the tax exemption.

As Republicans hash out their promised tax package, the debate over the bill's scoring method carries implications for tax-exempt municipal bonds.

The House document outlining potential policy changes focuses heavily on the healthcare sector to generate savings.