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The Public Finance Industry Dodged A Tax Reform Bullet

Law360, New York (January 12, 2018, 11:58 AM EST) -- On Dec. 22, 2017, the president signed the Tax Cuts and Jobs Act into law, bringing an end to the nearly two-month rollercoaster ride that had the public finance industry white-knuckled and a little green in the face. 

At the end of the day, the final bill is a far cry from the initial assurances that tax reform “won’t touch tax-exempt bonds.”  However, given the rather shocking provisions initially included in the House version of the bill, the end result could have been a lot worse. ...
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