WASHINGTON In the shadow of the fiscal cliff agreement, the likelihood of comprehensive tax reform that would seriously damage municipal bonds this year has slightly diminished, according to a research firm and other market participants.
Municipal Market Advisors cut their 2013 forecast to a still-worrisome 30% to 40% that lawmakers will succeed in overhauling the tax code and make serious changes to tax exemption. Its new forecast comes after projecting, for more than a year, that the odds of sweeping tax reform in 2013 would be 50% or higher.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access