NEW YORK (MarketWatch)President Barack Obama's jobs plan included a provision that could limit the tax-exempt benefit of buying municipal bonds and possibly raise borrowing costs for state and local municipalities, said Chris Mauro, head of municipal research at RBC Capital Markets.
However, "we don't view this proposal as an immediate threat to municipal bond tax exemption," he wrote in a note Tuesday. Such a change would have to be part of a broad-based tax reform that would take a "significant amount of time." Obama's provision would have the change effective at the beginning of 2013. "The provision, if passed, would reduce the attractiveness of municipal bonds for higher income taxpayers, effectively increasing borrowing costs for state and local governments," Mauro wrote. "We think that, while state and local governments are operating under severe financial stress, members of Congress will be hard-pressed to justify taking any action that would make it more expensive for state and local governments to finance new projects or refinance" existing higher-yielding debt.
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Tasa de pobreza de EEUU crece hasta el 15,1% de la población
La Oficina del Censo de los Estados Unidos anunció hoy que en 2010 la tasa de pobreza aumentó hasta el 15,1%, frente al 14,3% de 2009, lo que representa a 46,2 millones de personas viviendo por debajo del umbral de pobreza. En 2009, se registraron en EEUU 43,6 millones de personas en situación de pobreza, según el informe Ingreso, pobreza y cobertura de seguro médico en los Estados Unidos: 2010.
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