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.
How Nancy Pelosi did it...Love her or not, you have to hand it to someone who can reverse the anti-Pelosi momentum while preserving her foes ability to save face back home. ow.ly/SDqg30mZmeg ow.ly/Iugd30mZmfB ow.ly/lngE30mZmgj
Government shutdown more probable re border wall funding. ow.ly/zMhg30mYx04 ow.ly/5Ihj30mYx1l Meanwhile, British Prime May survives a no confidence vote. Now she has to convince Brussels to make additional concessions. ow.ly/4Vgc30mYx4B ow.ly/Qms730mYx5W
"U.S. government debt is on track this year to rise at the fastest pace since 2012" ow.ly/Ynn030mYsfd
College loans/debt- Here is an interesting look at the issue and the challenges parents are having repaying the loans. Challenges partially due to changes made to the programs in past years. ow.ly/6EtD30mXwyi What are some of the downstream impacts? ow.ly/8mBb30mXwGR
Oh yes, the 2020 race for the Dem nomination has already started. Right now, it's a race for talent. Talent to staff a campaign team. With an expected crowded field, campaign talent could make or break a fledgling candidacy. ow.ly/XqSh30mXwi2 ow.ly/Zdd530mXwj1