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.
Trade banter ratchets up this morning as POTUS reaffirms his willingness to impose tariffs on $500B of Chinese imports. This represents 100% of our annual imports from China. China imports about $130B from the US. ow.ly/h2ir30l2N0v
Retirement savings & plan modifications are poised to be headline issues in the coming months. The proposed legislation is named RESA & could impact the way Americans save for, and create income from their retirement plans. We'll see if ROTH RMDs come up. ow.ly/mDpl30l1zr7
Dems not conceding anything in the 2018 mid-term Senate races. Look at the fund raising advantages they've built in battleground states. Still an uphill battle for them, but they are certainly going to heard and seen across their states. ow.ly/sAeH30l0JUJ
Japan and EU enter into historic trade agreement. Agreeing to significantly decrease tariffs. EU & Japan represent 30% of the world's global output. EU also working with Central & S. America. Strong statement against protectionism. ow.ly/pr9r30l0JjE ow.ly/UBoD30l0JkX
Gasoline prices remain high. There are numerous reasons, but here are a couple of good reads as to what actions are being considered. This is especially interesting given the Helsinki meeting & the Iranian nuclear deal sanctions. ow.ly/dW1X30kZDZl ow.ly/kMP230kZE0m