would be curious to hear if anyone thinks trump\MAGA\GOP can do any specific short-mid term damage to this sector.
am aware that broad tax cuts to individuals and corporations make it relatively unappealing.
could it be somewhat of a haven from chaos ?
points :
1. am unaware of any specific trump family member or crony looking to grift in this area.
2. most of the tax-free market are state+local gov groups with control of their own financing structure, not much reliant on fed trickle-down budgeting other than when initiating a project based on matching funds.
3. re-writing tax codes to make these groups taxable and compete with corporate bonds seems unlikely and not of interest to any faction.
Comments
Now you've done it... if any of them happen to read that at least one of them will make up for lost time.
NBC News: Republicans clash over 'SALT' deductions as they seek to extend Trump's tax law
If a cap is maintained, even if raised say to $20K, that would pretty much preserve the status quo. If the cap is removed, then the after tax yield of taxable bonds goes up for wealthy investors (those in the top tax brackets). In order to compete, yields on muni bonds in several large states might have to rise accordingly.
That could in turn hurt FMV of existing munis.
Eliminating or relaxing the SALT limit would add to the deficit. While some Republicans are still concerned about that, Trump does not appear to be. To the extent that he (i.e. Musk) is focused on the deficit, that seems to be on the spending side.
The 12 million people who are on the list to be deported do in fact pay federal-state-local taxes, state sales taxes, and property taxes. The Institute on Taxation and Economic Policy estimates that for every 1 million undocumented immigrants who reside in the country, public services receive $8.9 billion in additional tax revenue. So...if those funds are no longer flowing to state coffers, is that a threat to that state's municipal bonds?
- again, some broad changes could make munis look relatively worse, but i was looking for speculation on trump+GOP specifically acting to damage the tax-free bond mkt.
re: immigration taxes
- well, trump wants to spend +10x of taxpayer money to deport, relative to incoming tax revenue.
so the obvious grift here is a bunch of unqualified private MAGA corporations getting in the deportation biz. along the lines of his talentless border wall builders, expect criminal actions and minimal throughput.
https://abcnews.go.com/Politics/trump-mass-deportation-program-cost/story?id=115318034
And pigs can fly.
https://www.habitat.org/our-work/need-for-affordable-housing
jeeesus
You do know their crime rate, yes ?
Turn off Fox, study up
$182B , huh
When you whine about produce a year from now we’ll start a gofundme for you
Reeeee someone got triggered by actual FACTS!!! Or maybe someone missed his senility meds...grow a brain u fn retard and stop letting libtard media brainwash ur dumb a$s.
https://www.washingtonexaminer.com/policy/immigration/1658479/illegal-immigration-tab-182-billion-total-1156-per-taxpayer/
About time we had a hatemonger (and Examiner reader) here:
// The Southern Poverty Law Center classifies FAIR as a hate group with ties to white supremacist groups.
// FAIR was founded in 1979 by Michigan surgeon and white nationalist John Tanton. …
You will let us know your gfm page for grocery help.
Welcome ! Facts, bwahaha
Maybe the editor of MFO is on a holiday vacation somewhere, but doesn't anybody mind the store in his/her absence and clean up this mess? It's an embarrassment to the MFO community.
Interesting Freudian slip. The last time dollar values were placed on human beings in the U.S. was somewhere around 1865.
The piece references a similar report by FAIR in 2017. We can assume that since that report was similar, it used the same methodology. Here's Cato's takedown of that report and its methodology:
FAIR’s “Fiscal Burden of Illegal Immigration” Study Is Fatally Flawed
https://www.cato.org/blog/fairs-fiscal-burden-illegal-immigration-study-fatally-flawed
Anyone with the ability to read mutual fund documents (prospectus, annual reports) should also be able to go through Cato's point by point analysis.
"it shows alot about you as a person, your character, and your lack of both intelligence & class, that you resort to name-calling & vulgarities. That 3rd grade public education on display here."
pot meet kettle
'Hatemonger'?
Those interested in trashing this forum,
Please first get your training on X where you will find lively discussions among the members of the Coalition of Single Issue Voters. What you guys do in this forum is pre-K stuff. Wear your big boy pants and duke it out on X.