Not an Immediate Threat to Tax-Exempt Status, Funding for Higher-Ed, or Other Municipals Despite President's Tweet; We Continue to Expect D.C. Support

  • Over the last decade, we have seen various threats to the municipal bond tax-exemption.

  • Today, President Trump tweeted that higher education tax-exempt status and funding could be “taken away.

  • If anything, we have been seeing and are expecting to see more support from D.C. lawmakers for elements directly related to COVID-19 aid and to the tax-exemption tax-expenditure in the near-term.

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