Andy Friedman discusses how Trump can implement his policies and the legislative impediments to his doing so.
Jeff updates an audience on the new normal that is Washington D.C., status of the healthcare debate, fiscal realities facing our country, tax reform and the opportunities that tax changes may present investors.
Does the Democrat Doug Jones victory last night endanger the GOP's Senate majority in the 2018 mid-term elections? Good analysis...
Good read on where there seems 2B compromise within the tax committee.
1. 37% max individual rate (lower confidence)
2. 21% corp rate
3. $750k max mortgage int. deduction
4. $10k max cap SALT for property or income taxes paid
Still fluid at this point.
Pension rescue, along with DACA, may be the price for Democrat votes on a government funding bill that must pass. The funding measure requires 60 votes in the Senate and the GOP only controls 52 seats (possibly only 51 after today's Alabama Senate vote).
GOP members comment on their interest in Entitlement Reform as a 2018 legislative initiative. It seems to be a mixed bag without a lot of focus at the moment. We'll see if leadership can get members singing the same tune after tax reform.