The 2017 Tax Cuts and Jobs Act expire at the end of 2025, and taxes will rise automatically if Congress does not act. As the Trump administration and a new Congress take over, we will examine:
- How real is the threat to the tax exemption?
- What other scenarios may play out, such as the elimination of tax-exempt PABs or bonds for certain sectors like housing and healthcare, where Republicans look to the muni market for revenue to offset TCJA provisions?
- What effect will potential tariffs have on the industry?
- Will changes to immigration have an effect on state and local tax revenues?
