Why would an increase in the income tax rate reduce borrowing costs to municipalities?
Increase in income tax rate would reduce borrowing cost to municipalities because increase tax rate would allow them to reduce interest rate on muni b0nds.
Why would an increase in the income tax rate reduce borrowing costs to municipalities?
Increase in income tax rate would reduce borrowing cost to municipalities because increase tax rate would allow them to reduce interest rate on muni b0nds.