Mike & Co. — HRC added some key planks to her tax plan on Monday. Her proposals increase federal revenues by $400-500 billion over ten years without increasing taxes for anyone earning less than $250,000 a year. A third of the new revenue would come from a “fair share surcharge” levied on earnings exceeding $5 million taxed at the same rate, whether …
Mike & Co., The hopes of even the most zealous advocate of tax reform must be modest this year, but brave talk is heard from some well-placed members. Almost any reform would be seen as a crowning accomplishment for the new Speaker but the maw of election year politics militates against anything bipartisan and ambitious. …
Mike & Co. — Spoiler alert that the update below is another (requested) look at financial regulatory debate. It might not seem like territory as friendly as, say, gun control and it’s close the Vermont Senator’s home turf of economic inequality but his advantage can be neutralized. Back to taxes tomorrow. Best, Dana ———- The …
Mike & Co. — The economy added 292,000 jobs last month, up from 252,000 in November. Unemployment was 5 percent, unchanged, with scant evidence of wage growth. Labor force participation remained low, 62.6 percent, unchanged from November’s 62.5 percent, close to its lowest level since the 1970s. Spring doesn’t feel around the corner but at least primary politics …
Mike & Co. – For better or worse, there have been few repercussions thus far among electeds or the media regarding the recent exchanges on financial regulation policy from the campaign trail this week (see photo below). The differences in the nature of the candidates’ proposals doesn’t appear to be clear and sufficient to generate …
Mike & Co. — Welcome back. Seat belts buckled? 2016 opened with a multi-percent loss in capital markets across the board globally the first day and a speech by Sen. Sanders outlining his financial regulatory priorities, replete with criticisms and challenges directed at HRC’s proposals the next day. For now, a quick survey here …
Mike & Co. — For the first time in five years, Congress and the administration came to an agreement last month on the federal budget and the debt limit. They managed to do this without serious risk of a government shutdown or default. In fact, with the government now funded throughSeptember 30, 2016, there’s practically no chance …
Mike & Co. — After the GOP captured the Senate in the midterm elections, the main question in the financial regulatory world as 2015 began was whether Congress would rollback key parts of Dodd-Frank Act (DFA) as the GOP-controlled House had been voting to do over the previous four years. How did the two sides …
Mike & Co. — House and Senate budget negotiators said tonight they are near final terms on text of legislation covering the FY 2016 budget, the extenders, and more. Before midnight, they hope they can release the draft bill, negotiated quietly but relentlessly for five days now, and proceed to votes on Thursday. More on the main terms of …
Mike & Co. — Congressional negotiators appear near a bipartisan deal on a year-end spending and tax package tonight that would increase domestic and military funding, lift the ban on crude oil exports and extend several tax breaks for businesses and individuals. The omnibus negotiations have been going on around the clock almost without pause since Friday but every passing …
