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.
Social Security Disability Ins (SSDI) beneficiaries down, why? 1. Aging out 2. Tougher to qualify 3. Workforce reentry ow.ly/ljw530kALLQ Meanwhile, GOP Budget Comm proposes mandatory spending cuts in balanced budget proposal. Will need revenue also. ow.ly/LkqQ30kALOK
The Trump administration announces the availability of association health insurance plans for small employers. Plans avoid some of the ACA requirements which lower premiums vs. the ACA and individual marketplace. ow.ly/kHaR30kAp2q
How can we measure the success of the tax cut bill? The initial data is beginning to come in. ow.ly/Bt5b30kz6rY But details and guidance on some of the biggest changes still forthcoming. ow.ly/Tfdh30kz6xi
Trump's threatens $200B in additional trade tariffs on China. Hopes are this will bring them to the negotiating table on larger issues such as intellectual property theft and foreign ownership. World markets react negatively. ow.ly/wQwa30kz65j ow.ly/VVSU30kz67u