Hernando Montero's Palm Beach Post Weekly Column: Tax Reform Not A Threat to Municipals

Monday, May 29, 2017

Hernando Montero-Salazar
Director of Credit Analysis
Stoever Glass & Co., Inc.
Phone: (212) 952-1910
Toll Free: (800) 223-3881
E: hmontero@stoeverglass.com

In the weeks following Donald Trump’s election, equity markets, together with interest rates, increased in anticipation of economic growth spurred by corporate tax cuts and a more business-friendly regulatory environment. Optimism for quick action on tax reform softened with Congressional failure to adopt a “repeal and replace” healthcare law. This significant legislative setback cast a cloud over future fiscal policy and a comprehensive overhaul of the tax system, including tax reform and infrastructure investment.

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