Latest Breaking News On - Ian rogow - Page 11 : comparemela.com
Munis remain steady; Treasuries rose slightly in uneventful summer Friday
bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
Shadow of the Fed hangs over muni market as $11B of bonds set for sale
bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
Cliff Hawkins/Getty Images
Low-tax states, especially Florida, are getting wealthier as a result.
BofA says tax migration is far from a settled area but evidence of it is adding up.
Tax-induced migration was a key part of the narrative of 2020, but the story actually began long before that.
Lower-tax states are continuing to get richer thanks to a steady influx of new residents from higher-tax states, per a recent Bank of America Research note, which looked at recently released IRS data for tax returns from 2019, reflecting 2018 earnings.
The data showed that net gains in adjusted gross income (AGI) for lower-tax states were higher than those in higher-tax states: the latter saw $111 billion in AGI in 2018, while the former saw nearly $145 billion. The net AGI gain of lower-tax states also increased from 2017 to 2018 by $2 billion, to $34 billion, the team led by Ian Rogow wrote.
Municipal bond yields steady ahead of a decline in new supply in the upcoming week
bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
Jim Watson/AFP via Getty Images.
Bank of America says about half of Biden s infrastructure plan is traditional, or physical, infrastructure.
This contrasts with the GOP argument that less than 6% of Biden s plan goes to roads and bridges.
The bank added that nontraditional infrastructure will take longer to prompt economic growth.
The leaders of the Republican party have argued that President Joe Biden s $2.3 trillion infrastructure plan funds too many things that aren t physical, or traditional, infrastructure, saying that less than 6% of its spending goes to rebuilding roads and bridges.
Senate Minority Leader Mitch McConnell slammed the plan the same day Biden unveiled it, calling it a liberal wish-list, and House Minority Leader Kevin McCarthy released a statement to similar effect. Both floated the 6% statistic, and House Minority Whip Steve Scalise recently said that over 90% of the bill they re proposing has nothing to do with roads and b