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.
POTUS being advised by Agriculture Secretary Sonny Perdue to consider rejoining the Trans-Pacific Partnership (TPP). It will be hard for POTUS to walk back earlier statements about needing significant changes and how flawed the agreement is. ow.ly/w8nL30jFIaZ
SCOTUS is very busy. Hearing oral arguments on another gerrymandering case (Texas). Seems they are wanting to make a statement in 2018. ow.ly/UY4I30jFIte and, POTUS's travel ban. Court appeared split. Advantage POTUS. ow.ly/eHI430jFIwn
Congress (both parties) searching for ways to avoid a budget showdown in September, just 5-6 weeks before the mid-terms, by passing appropriation bills sooner rather than later. ow.ly/HdD530jEIaM
Some economists suggest large debt and deficits are not a bad thing or a big deal, Deficit Owls. Interesting read, although we disagree with their position. ow.ly/TX0J30jDmxe
North Korea negotiations appear to be moving forward. Good read on how we got here from Korean War. ow.ly/dS3J30jDleB Nuclear disarmament Trump's red line? ow.ly/3dYh30jDlk2 Iran watching closely as deadline for reauthorization approaches. ow.ly/1Uw830jDlt7