Andy Friedman discusses corporate inversions on CNBC’s Nightly Business Report
Aug 20, 2014
Andy Friedman of The Washington Update joins the CNBC NIghtly Business Report to discuss the recent spate of corporations moving offshore to save taxes, and whether the Administration has the power to stop them.
Andy discusses the impact of the new tax law on individuals and families.
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.
POTUS seriously exploring executive action as a solution to stalled Round 4 talks. Focus is on eviction moratorium, unemployment benefits extension & suspension of payroll taxes. Asks agencies to advise him re monies not spent from CARES Act.
By driving up Democrat mail-in balloting, ballot rejections could provide a slight tailwind for Trump due to higher failure rate and low correction rate vs in-person.
Black voters not as trusting of mail-in.
No significant Round 4 negotiation progress made over the weekend.
With the absence of legislative progress, rumors of Trump taking executive action begin. Hint, his authority is mostly limited.