Steve Forbes Has Run for President Twice on a Program

question 42

Essay

Steve Forbes has run for president twice on a program of a "flat tax." Under a flat tax,there would be only one tax bracket for the federal income tax and most tax deductions and tax exemptions would be eliminated.Suppose that Forbes wins the 2020 presidential election.What would be the likely impact on the market for municipal bonds?

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Definitions:

Extramarital Affairs

Romantic or sexual relationships that occur outside of marriage, often considered infidelity and having significant social, moral, and legal implications.

Bill Clinton

The 42nd President of the United States, serving from 1993 to 2001, known for economic prosperity and the Monica Lewinsky scandal.

Lewinsky Scandal

A political scandal involving President Bill Clinton and Monica Lewinsky, leading to Clinton's impeachment trials in 1998.

American Public

The general population or society of the United States, including its citizens and residents.