Contact Your Member of Congress Today Last week, a draft list of tax pay-fors was leaked from the House Committee on Ways and Means. The 50 page document contains a mix of policy repeals and the elimination of many federal tax expenditures, including a FULL REPEAL of tax exempt interest of municipal bonds, as well…
Author: Bond Dealers of America
DC Update: House Releases Tax Pay-For Wish List
*Complete Elimination of Tax-Exemption for All Bonds Included* This week, the House Committee on Ways and Means released a broad list of potential pay-for options for the extension of the 2017 Tax Cuts and Jobs Act (TCJA). The 50 page document contains a mix of policy repeals and the elimination of many federal tax expenditures,…
Bonding Time with Tom Kozlik of HilltopSecurities
The BDA’s most recent episode of Bonding Time features a discussion with Tom Kozlik of HilltopSecurities. The podcast was led by Brett Bolton of the BDA and covers: 2024 Federal Election results and the potential impact to munis; Legislative outlook for the the TCJA sunsets in 2025 and potential pay-for troubles; HIlltop’s robust issuance expectations…
MBFA Submits Comments to House Ways and Means Tax Working Group Promoting Municpal Bonds
This week, the MBFA coalition submitted comments promoting and advancing municipal bonds to the House Ways and Means Community Development Tax Working Group Chaired by Rep. Mike Kelly (R-PA). The Tax Working Groups were created by Committee Chair Jason Smith (R-MO) to study key provisions from the 2017 Tax Cuts and Jobs Act in preparation for broad…
Media Alert: MBFA Comments Featured in BondBuyer Article on Muni Advocacy
The MBFA was featured in a BondBuyer article featuring its recent comments to the House Ways and Means Committee Community Development Tax Working Group in support of municipal bond provisions in anticipation for next years tax debate. The article can be found here. The MBFA comments can be viewed here. The Municipal Bonds for America coalition is…
Bonding Time: BDA podcast with 7 Chord founder Kristina Fan
The latest episode of BDA’s fixed income market structure podcast series Bonding Time is online now featuring Kristina Fan, CEO and founder of 7 Chord. 7 Chord is an asset pricing platform based on artificial intelligence. In the podcast Kristina discusses the inspiration behind founding the company, the challenges of running a fintech startup, and…
BDA Featured in BondBuyer Article on Government Funding and Tax Reform
The BDA was featured in a BondBuyer article on the ongoing discussions surrounding government funding and a potential shutdown with potential impacts to tax reform in 2025. The article can be found here. The outcome of that will likely be the most consequential for the remainder of this Congress and for muni market, whose long…
Bonding Time: Market Update Featuring Tom Kozlik, HilltopSecurities
The BDA’s most recent episode of Bonding Time features a discussion with Tom Kozlik of HilltopSecurities. The podcast was led by Brett Bolton of the BDA and covers: 2024 Municipal Analyst Survey including concerns/optimism for the market; A discussion on issuance and the year over year increase; The election and potential impact on tax/muni policy…
DC Update: Biden Ignites Tax Debate in State of the Union Address
Last night, President Biden kick-started the debate on the Tax Cuts and Jobs Act. Many provisions of the 2017 tax bill expire on December 31, 2025, including all the personal tax provisions, setting the stage for additional tax reform next year. While key BDApriorities were not discussed, the President laid out key Democrat parameters for…
WATCH the 2024 Muni Market Webinar
The panel discussed issuance expectations and the credit outlook, disclosure and the potential for further SEC actions, an outlook for municipal market participation in climate and ESG initiatives, and ongoing shifts in underwriter participation including some big banks pulling out of the municipal marketplace. Watch Webinar Webinar Speakers Moderator: Dan Deaton Partner Nixon Peabody…