In this month's Municipal Strategy Report we discuss the Border Adjustment Tax in light of Administration’s lack of commitment to market-based solutions. The concern is that a short-term focus on outcomes may come at the price of long-term efficiencies and growth that can be achieved under consistently applied market-based policies.
Additionally, the MSR features the following:
- In “Are States Jumping on the Trump Bandwagon” we discuss state infrastructure commentary in recent State of the State addresses. We analyze current plans compared to prior years and look to see if states are amending their plans given the Trump administration’s $1T infrastructure proposal.
- In “Fast Start to New Year's Volume” we analyze surprisingly strong muni issuance in the first few weeks of 2017 compared to previous years.