Jan 29, 2014 1A 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.
Maj. Ldr. McConnell considers deploying nuclear option to change Senate confirmation rules for lower level nominees. Currently, floor debate can go on for 30 hours, limiting the Senates ability to fill positions. GOP considering reducing debate time. ow.ly/dIFb30nmKmi
US officials discuss softening their negotiating position with China in hopes a deal can get done prior to the 3/1 deadline when tariffs are scheduled to go from 10% to 25%: ow.ly/U1JE30nmJH2 Good OPINION read on the subject: ow.ly/eyxf30nmJIW
Trade war concerns weigh on leaders, global growth weakness- ow.ly/62lS30nlQYA Some IRS workers called in from shutdown, but will returns/refunds be processed in a timely fashion? ow.ly/TYd630nlR7i Fed workers tapping retirement accounts- ow.ly/7CcF30nlRaw
Hot off the presses...2019 Washington Outlook from Andy and Jeff. Enjoy! ow.ly/7qY530nl9WQ
China-easing strategy to stoke economic growth- ow.ly/G7gq30nl68U Progressive freshman reps get coveted slots on financial services committee- ow.ly/6je430nl69k 50,000 Federal employees called back, without pay, to soften shutdown pain- ow.ly/FIGq30nl6al