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75) Steve Forbes has run for president twice on a program of a flat tax. Under a flat tax, there would be only one tax

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75) 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 2024 presidential election. What would be the likely impact on the market for municipal bonds? 76) Suppose the private bond rating agencies ceased to exist. What would be the impact on the bond market

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