Jul 03, 2013
The new Republican Congress faces a number of deadlines as it begins deliberations in 2015. In March, the borrowing authority of the United States runs out; Congress will have to agree on an extension to avoid default on the national debt. In May, Congress must appropriate highway funds to permit states to undertake summer infrastructure repairs. And in September, Congress must fund government operations to avoid a shut down. Congress also must consider how (or whether) to fund the country’s burgeoning military operations abroad.
At the same time, the Republican Congressional leadership has set out a number of legislative goals, including addressing energy policy, contending with the President on immigration policy, curtailing the Affordable Care Act (which in 2015 requires large employers for the first time to offer health coverage or pay a penalty for not doing so), and developing a plan for comprehensive tax reform aimed at simplifying the tax code and stopping the spate of corporations moving their headquarters overseas.
Overhanging all of these deliberations will be the ramp-up to the presidential election campaign, as various individuals announce (or renounce) their candidacies. To the extent candidates are current members of Congress, their desire for advancement will have an effect on Congressional deliberations.
Andy Friedman and Jeff Bush, experts in political and legislative affairs, will discuss these matters and their likely effect on investors and the markets. The ongoing budget battles and deadlines are likely to spark more market fluctuations. Tax reform could have a significant impact on investors, as it could alter current exemptions, deductions, and preferential rates for capital gains and dividend income on which investors rely. And corporate tax reform – aimed at stopping the exodus of companies overseas – could have an outsized effect on particular industries as well as the market in general. Andy and Jeff will provide strategies that investors and financial advisors can consider to take advantage of (or protect against) changes arising from the above initiatives, including specific strategies for investment, wealth transfer, and retirement planning.
To see an excerpt from Andy’s presentation, click here.
If you would like information about having Andy or Jeff address your business or professional gathering, please contact us by clicking here.
Good read on 4 big differences between an impeachment and a criminal trial. ow.ly/dSFz50y29pv
Trump is on a trade role-delays tariffs on French wine, cheese etc. when Macron offers to delay digital tax. ow.ly/32Tu50y17y8 ow.ly/kX3z50y17y1 Mnuchin later clarifies if UK & Italy implement digital tax, they will face significant tariffs. ow.ly/EO2L50y17y7
There's still a lot of confusion re Chief Justice Robert's role during impeachment proceedings. The constitution doesn't really tell us much and there's sizable room for interpretation. Good read on the issue. ow.ly/asvM50xZY5T
We've discussed the bipartisan, bi-cameral, federal agency & state investigations into Big Tech & challenges it could pose to the sector. Here's a great read to get up to speed on these issues. Even in an election yr, this could be a large focus in DC. ow.ly/G0R150xYumh