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.
Eclectic reading today We know the economy is growing, but are all citizen's participating? ow.ly/US8m50uoUmC City populations are growing more slowly vs. previous years. ow.ly/Px8550uoUmD Senate not passing a lot of bills, frustrating some. ow.ly/zOBR50uoUmB
Great news! SECURE Act passed by the House! Senate will hopefully take up and pass RESA, a companion bill. The bills enhance savings options for retirement but curtails stretch IRA options. Also adds flexibility for 529 plans. ow.ly/MrRE50unUkk ow.ly/gGux50unUkl
US/China trade war's focus is technology. ow.ly/LusM50unBtL China responds it wants to talk about trade, but not tech. ow.ly/QMDI50unBtM Meanwhile US says tariffs on final $300B of imports are at least a month away. ow.ly/DnLS50unBtO
The headline says it all, "Threat of impeachment takes oxygen out of 2019 agenda" It was a rough day yesterday in DC. ow.ly/e9NR50unBKi Also, Mnuchin testifies about debt ceiling. Highlights what we've been saying around potential mkt volatility. ow.ly/yLxJ50unBKf
Medicare For All hearings 2day UMass completed analysis, saves money: ow.ly/BofD50umvuS CBO report suggests it could be disruptive & challenging to implement: ow.ly/pAVh50umvuX M4A plan actually more generous than other countries offerings: ow.ly/L49p50umvuQ