Defusing a Fiscal Bomb The Debt Limit: Truce & Accountability (Sep. 11)

April 2, 2024 | Fiscal Policy, Update

Update 202 — Defusing a Fiscal Bomb The Debt Limit: Truce & Accountability Last Wednesday, at the same oval office meeting with Congressional leaders where the famous fiscal deal extending the debt ceiling deadline was struck,  President Trump spontaneously floated the idea of eliminating the debt ceiling altogether.   The idea hit a chord with Sen. Schumer and a …

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Fiscal Deal with Democrats? (Sep. 7)

April 2, 2024 | Fiscal Policy, Update

Update 201 • Fiscal Deal with Democrats? Now For Something Completely Different Donald Trump’s Flying Circus of an administration did something nooobody expected yesterday, all but pulling a legislative solution to some impending must-pass fiscal policy deadlines out of a hat.  This was a new trick and it fooled almost everyone in Congress, most of all the …

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Are Corporate Tax Cuts Good for Labor? (Sep. 6)

April 2, 2024 | Corporate Taxes, Update

  Update 200 — Post-Labor Day Disorder: Are Corporate Tax Cuts Good for Labor? This afternoon in Bismarck, North Dakota, exactly a week after a similar speech in Missouri, President Trump gave yet another pitch for the GOP’s forthcoming tax reform plan.  Last week’s campaign-style rally had the added appeal for Trump that he could …

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Trump's Tax Speech (Aug. 31)

April 2, 2024 | Taxes, Update

Update 199 — Trump’s Tax Speech: Are We Staring at a Vanishing Point?   Donald Trump went to Springfield, MO yesterday to tout a putative tax plan — the one he expects Congress to deliver to his desk this fall.  As usual, Trump provided almost no specifics but guaranteed the plan will produce the best …

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Musical Fed Board Chairs Post-Wyoming (Aug. 29)

April 2, 2024 | The Fed, Update

Update 198 –- Musical Fed Board Chairs Post-Wyoming, All Over But the Yellen? Fed Chair Janet Yellen delivered remarks on the state of financial stability on Friday in Jackson Hole, Wyoming at the Fed’s renown annual economic policy symposium.  Ten years after the onset of the Great Recession, the Chair took the opportunity to reflect on the impact of the Dodd-Frank …

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HSFC's Bipartisan Work (Aug. 18)

April 2, 2024 | Dodd-Frank, Update

Update 197 — HFSC’s Bipartisan Work: Summer Surprises that Threaten DFA? Before the quiet of recess settled into the Beltway, earlier this summer, the House Financial Services Committee’s GOP leadership opened up the first round of financial legislative debate with Jeb Hensarling’s Financial CHOICE Act. The CHOICE Act proposed large scale deconstruction of the policy …

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Tax Talk of the Town (Jul. 27)

April 2, 2024 | Taxes, Update

Update 196: Tax Talk of the Town What Have the Secret Six Unveiled? The Administration is in critical straits. While fending off accusations of Russian collusion, dithering and infighting, ignoring its half-filled sub-cabinets, reversing constitutional rights via Twitter, and failing even to repeal the ACA, they have had little time to deal with tax policy. …

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Tax Reform Drill Down (Jul. 26)

April 2, 2024 | Taxes, Update

Update 195 — Tax Reform Drill Down:  The Business Interest Deduction  The latest today is that we may have recess as originally scheduled — i.e., starting at COB Friday — after all.  That night, the (not so) Secret Six Republican tax planners — Steve Mnuchin, Gary Cohn, Mitch McConnell, Orrin Hatch, Paul Ryan, and Kevin …

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Jobs & Job Training (Jul. 24)

April 2, 2024 | Jobs, Update

Update 194 — Jobs and Job Training: Repeal & Defund vs. Resist & Defend Six months into the Trump administration — amid travel ban court fights, investigations, tweeted threats against investigations, staff shake ups, Russian collusion allegations, misspelled tweets, fake news, baked beans, and spam — the American worker, retired worker, and worker-in-training are still forgotten. Democrats …

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