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Milton Wakschlag Comments on Impact of House GOP Tax Bill on Tax-Exempt Bonds

Firm News | November 3, 2017

Milton Wakschlag, a senior tax partner in the firm's national Government and Public Finance practice, was quoted in a recent article in The Bond Buyer, focusing on tax reform proposals currently being generated by congressional committees.

Following the release of the House GOP plan, the municipal bond market may see a rush of private activity bond and advance refunding deals this month and next, as issuers try to cover their bases in case Congress passes a tax bill before the end of the year that terminates those financings. "We're warning people, we're getting inquiries," said Milt. "Deals can be done this year, but they have to be timely." Referring to efforts to try and convince Congress to back away from the attacks on munis, Milt said, ". . . this is not going down without a fight." (Read "The House GOP Tax Bill is Bad for the Muni Market, But the Byrd Rule Could Make Matters Worse," November 3, 2017)

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