Jan 29, 2014 2A dynamic and insightful speaker, Jeff Bush is known for his unique ability to decode difficult and confusing tax and fiscal information coming out of Washington. Jeff is a colleague of Andy Friedman and an integral part of The Washington Update, the industry thought leader that guides domestic clients through the complex and ever-changing political […]
As 2017 drew to a close, Congress passed the Tax Cuts and Jobs Act, tax reform legislation that made sweeping changes to the Internal Revenue Code. When Congress last reformed the tax code in 1986, the legislative process took over two years. This time Congress accomplished the same feat in two months. This white paper discusses the portions of the Tax Cuts and Jobs Act that are of particular importance to business owners, investors, and financial advisors. We point out situations that are likely to fare better and those likely to fare worse under the legislation. At the end, we present a chart of “winners and losers” that takes into account these individual situations. The chart also shows business and economic sectors particularly likely to be affected by these tax changes, thereby potentially altering their equity valuations.
Senate passes spending bill and POTUS indicates he will sign it to avoid a government shutdown. ow.ly/K9UZ30lScVG Are deficits come from spending or tax policy, answer is both. ow.ly/a3lM30lScXd Good fiscal discussion/info contained within: ow.ly/b4rg30lSd0q
Dems are growing in their confidence re November's mid-terms. Perspective, we have 50 days until the election & the news cycles are very short these days. ow.ly/wXMF30lQTrb ow.ly/sDuD30lQTsw GOP believes the good economy will win the day. ow.ly/U0To30lQTww
US/China trade & tariff debate is ratcheting up. POTUS believes he still has the upper hand by threatening tariffs on an additional $200B of imports from China. China's middle class starting to turn its anger towards US. ow.ly/inJ830lQSST ow.ly/dij430lQSZP
Trade talks with Canada appear to be moving in a positive direction: ow.ly/Vtbi30lP1tR Most economists and the EU continue to see tariffs/trade wars/protectionism as the biggest variable in global economic growth: ow.ly/r51v30lP1zu ow.ly/uLNV30lP1CU
FiveThirtyEight breaks down the mid-term elections. Very similar to our view throughout 2018. ow.ly/1yzt30lO5Zo Interestingly though, several battleground House districts are seeing the largest increases in wages. Could defy the broader Dem trend. ow.ly/EmVn30lO5XE