* Fly-In Scheduled for February 6th *
Today, the 119th Congress will be gaveled in to session, setting the stage for critical negotiations for the expiring 2017 Tax Cuts and Jobs Act. Historically small margins in the House, currently 2 votes, will prove challenging for Republican leadership, while on the Senate side new Majority Leader Thune has a somewhat more comfortable 4 vote margin.
While details have been slowly trickling out regarding the likely tax package, one thing remains a constant across both Chambers of Congress: with raising debt and deficits, this bill will include more offsets that its 2017 counterpart raising the stakes for the muni tax-exemption and PABs.
The BDA will be hosting it’s first Capitol Hill fly-in of 2025 on February 6th.
It is critical this year for market participants to speak with key Congressional Committee and Member staff, ensuring they understand the importance of the tax-exemption and the markets. With high turnover since passage of the 2017 bill, educational meetings for Hill staff such as this are key an our efforts to protect the tax-exemption.
If you, or your firm is interested in participating in this, or a future fly-in please contact Brett Bolton at bbolton@bdamerica.org.
For more information on the 2025 outlook, links to BDA reports can be found below:
- The BDA Congressional outlook can beviewed here.
- The BDA tax outlook can be viewed here.
