Tax rates are likely to rise at year end as Washington considers whether to permit some or all of the Bush tax cuts to expire. On the other hand, tax reform efforts in 2013 could reduce rates. Fluctuating tax rates provide an interesting arbitrage opportunity for Roth IRA conversions in 2012. Investors who expect to remain in the same tax bracket in retirement might wish to convert their IRA to a Roth IRA this year, so that they can receive future earnings tax-free. If tax rates then fall next year, they can act before October 2013 to re-convert . . .
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GOP pulls the ACA repeal bill prior to vote. Could cast a pall on broader GOP legislative agenda. ow.ly/sfns30aeI8v
About 16 hours ago from TheWashingtonUpdate's Twitter via Hootsuite
Dem Minority Ldr Schumer says he cannot support Gorsuch 4 SCOTUS. May set up big challenge 4 McConnell, go nuclear? ow.ly/fp2M30adK51
Yesterday from TheWashingtonUpdate's Twitter via Hootsuite
As we predicted- If GOP is unable to deliver on legislative promises, volatility will rise in the marketplace. ow.ly/BVtK30a9nZt
About 3 days ago from TheWashingtonUpdate's Twitter via Hootsuite
GOP reinvests CBO savings to solicit addtl GOP support 4 ACA R&R bill. Vote is Thursday.
About 4 days ago from TheWashingtonUpdate's Twitter via Hootsuite
Supreme Court is president's most lasting imprint on US history. Trump's begins today.
About 5 days ago from TheWashingtonUpdate's Twitter via Hootsuite