Jan 29, 2014 1A 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 hopes to avoid a budget showdown in September by passing appropriations bills well in advance. Recall our concern about a budget showdown combining with the debt ceiling issue in late summer that could cause significant market volatility. ow.ly/Yvls30nNGGF
Democrats prepare resolution vote against POTUS's emergency declaration re the wall. Can't imagine it won't pass the House. Then on to the Senate where passage is less likely. ow.ly/Py0s30nMW4W Court action may not be an easy win for dems either. ow.ly/YDcQ30nMW6R
Dem candidates feel the pinch between progressive base & their issues (Medicare for all, free college, New Green Deal, etc.) vs. the GOP attacks of "socialism". Will the introduction of moderate candidates (Biden, Hickenlooper, etc) reframe the discussion? ow.ly/OCQy30nM62M
Read our latest Update re next govt deadline, the debt ceiling. Investors should keep an eye on the rhetoric emerging from DC over the summer to gauge whether Congress is likely to let these issues linger, perhaps foretelling an adverse market reaction. ow.ly/X9o830nKXmi