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.
Good read on what we call the "Primary Effect". A party has a bitter primary, only to see a heavily damaged candidate or the most idealogical candidate win. This makes it very difficult to win the general election. Dems are struggling w/same issue. ow.ly/Tx2330jAVsS
The next leader for GOP in House of Rep is not a given. Some say they should replace the entire leadership team, not just pick the next in line. Perhaps not even a House member...yes, they can do that. FYI- Nancy Pelosi is not a lock for Dems either. ow.ly/GOzz30jzNV3
You know our position on U.S. fiscal matters. Great article dissecting the GOP position on the recent CBO projections. Pay particular attention to the last two paragraphs. It's what we've been telling audiences for the better part of the last decade. ow.ly/ql2j30jysGC
Tax reform II in 2018? Not likely to become law, but it will be interesting to see which vulnerable democrats vote for round two in an election year. Assuming it makes it to the Senate. Goal is to make individual cuts permanent. ow.ly/yGn730jysfG