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.
Recall the GOP lowered the penalty for not having insurance to $0 for individuals beginning in 2019, effectively ending the individual health insurance mandate? Now a house panel is advancing a bill to again delay the employer mandate & Cadillac tax. ow.ly/pAoE30kWi4L
Trade- POTUS's most recent tariff threats include a huge range of consumer products: ow.ly/4gZE30kViCD China may have blinked: ow.ly/vanO30kViEg China liberalizing biz constraints w/other nations;which tacitly acknowledges the exact problem: ow.ly/wclU30kViMN
Read our first white paper on the mid-term elections... ow.ly/yr8x30kV9eH
A long forgotten, and rarely used, tax loophole may benefit wealthy investors. The issue is worth keeping an eye on as we get additional clarification from the courts. ow.ly/xSZ730kU9P7
Several states have, other states are moving towards, requiring a two-thirds "supermajority" to increase taxes within their state. This acts as a break on Dem governors & legislatures wanting to make big policy investments. Very hard to "un-do" once done. ow.ly/dHhm30kT7y8