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Steve Forbes Has Run for President Twice on a Program

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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 2016 presidential election. What would be the likely impact on the market for municipal bonds?


Definitions:

Peripheral Intravenous (IV) Therapy

The administration of liquid substances directly into a vein as a therapeutic treatment, typically using veins in the arms or hands.

Vascular Access Device

A medical device implanted to access the vascular system for the delivery of medications and nutrients, and for blood withdrawal.

Abundant

Existent in large quantities; plentiful.

Cation

An ion with a positive charge, formed when an atom loses electrons during a chemical reaction.

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