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.
This is not a surprise. The CBO projects higher deficits that the Trump administration...obviously. The CBO's job is to project based on current law and consensus assumptions. The real answer is likely somewhere between the two. ow.ly/GRQf30kbcI7
Immigration battle, within the GOP, coming to a head as discharge petition picks up an additional 2 GOP signers. It appears they need 3 additional signatures. Of course, each additional signature gets increasingly difficult to secure. ow.ly/QTLA30kbc0s
As we've advised since the passage of the tax bill, the IRS issued a notice yesterday advising states that setting up a non-profit organization to circumvent the $10,000 cap on state & local taxes won't likely achieve the goal of avoiding the cap. ow.ly/VL0v30ka5I6
Trade update: POTUS considering tariffs on imported autos as national security threat. ow.ly/6mBt30ka565 ow.ly/GZLQ30ka57u And what about the broader trade talks with China and the ZTE issue? ow.ly/wDfL30ka5e5 All concern the markets: ow.ly/tyal30ka5ft
The generic House ballot has shifted sizably. @RealClearNews has the GOP at +1pnt., @Reuters has the Dems at + 4pnts. This volatility is why it next to impossible to predict the house majority post the midterm elections. ow.ly/f8bE30k8Pd1 ow.ly/dEYI30k8Pef