The 1997 tax act actually cut taxes for many, particularly families with children.

But at the same time, the tax act added in some new preference items.

The second reason is that the tax act has made these charges more expensive for the investor.

The unit also benefited from a $33.3 million adjustment under the 1986 tax act.

This is a far cry from the dark days for the industry that began with the far-reaching 1986 tax act.

Inflation and demand had already subsided before the tax act was passed.

The new tax act, however, helps reduce that share for long-term holdings.

That all changed once the 1986 tax act eliminated many breaks for real estate investors.

The municipal bond market was heady until the 1986 tax act.

The tax act in particular had had a major impact.