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.
GOP leaders met with POTUS regarding the border wall funding and concerns over a potential partial government shutdown. December 7th is the deadline. ow.ly/MOVW30mDSiR After their meeting, POTUS remained "noncommittal" re shutdown. ow.ly/5pVb30mDSnp
Nancy Pelosi working to ensure she has the votes to become the next Speaker of the House, for a second time. The vote count seems pretty close. She can only lose 17 votes. No named challenger as of now. ow.ly/555k30mDoP4 ow.ly/Wdm430mDoPC
Dems appear to be holding back on immigration reform believing it is a winning issue for them in the 2020 election. GOP has done this...Dems have done this. At some point, it needs to be the right time for both parties to deal with this issue. ow.ly/Q8JS30mCuOW
"83% of the tax benefits from TCJA go to the top 1%" This statistic has come up at several events recently and WAPO completed a fact checker on it today. ow.ly/Jb3430mCuBd
Building on our tweet from earlier today, here is a great primer on the contentious lame duck session that begins Tuesday. One thing not mentioned is RESA, a retirement bill that we believe has the votes to pass & could curtail the use of stretch IRAs. ow.ly/Fc0J30mAmAO