Hope you all had a nice summer – the blog is officially back from summer break. The Hutchinsons had a good one; we took Charlie to visit his grandparents at the beach in Pensacola, FL, where he went to Waffle House for the first time, and to visit his great-grandparents in Clinton, MS, where he went to Waffle House for the second time.
Back to business. The House Ways and Means Committee released three bills yesterday, which comprise something along the lines of “Tax Reform 2.0.” So far, the bills don’t mention tax-advantaged bonds in any way. However, as Congress hunts for revenue to pay for the permanent extension of various tax benefits in Tax Reform 1.0 (the Artist Formerly Known as the Tax Cuts and Jobs Act), we must all continue to monitor the legislative process. The rationale that Congress offered for eliminating tax-exempt private activity bonds last year is so thin that a cynic could infer that the real rationale was to raise revenue to pay for other provisions.
The bills are numbered H.R. 6760, H.R. 6757, and H.R. 6756.
Happy Birthday to Us!
Thanks to all of you who have listened to us rant and ramble over the years. We hope that you continue to visit us and that you find value here (or at least are occasionally bemused by our strained cultural references and bad jokes). If you like it here, consider telling a friend or colleague about us, and encourage them to subscribe. If you find us annoying (but are masochistic enough to continue to read – why do you hate yourself?), please click here to send Mike Cullers your hate-mail. (Don’t hold back! Mike is tough, and he can take it.) If you don’t mind paying overseas shipping, we have some gift ideas for us (or, heck, for your loved ones, too).