Current GOP Tax Plan

[Benton]

(11-06-2017, 11:59 AM)Belsnickel Wrote: So, I figured one thread for any news about the tax plan currently winding its way through Congress would be a good thing. I'm sure there will be lots of things coming out about it.

One thing I saw today was the negative impact it will potentially have on municipal infrastructure improvements.

http://www.governing.com/topics/finance/gov-gop-republican-congress-trump-tax-reform-muni-market.html


This is a bit baffling, because if we want to encourage private investment in infrastructure, and we want this to be more in the hands of state and local governments (typically the GOP view), then this puts a giant roadblock in their way.

Wow. I would be shocked if that makes it through, though. It would pretty much end municipal building projects for most small to medium communities, at least in the short-term. I have no idea how it would impact larger areas. But this would force taxing districts to either levy huge taxes to pay for immediate projects, pay more for projects in the form of interest, or save up for a long period of time to pay for them. The last option would likely be out for some districts (like school boards in Kentucky, who can only go up a max of four percent) who can barely keep up with costs as it is.