Worth its SALT: Why this policy debate matters to municipal bond investors

We explain the State and Local Tax deduction cap and the extent to which it impacts municipal bond investors

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MacKay Municipal Managers is a team of portfolio managers at MacKay Shields. MacKay Shields is 100% owned by NYLIM Holdings, which is wholly owned by New York Life Insurance Company. “New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.