Update 176: Trump’s Income Tax Avoidance Plan All of 200 words and 7 numbers, President Trump’s one-pager tax plan released this week generated scores of lengthy news articles and analysis in the last three days, each pounding out the rates, revenues, arrears and the ramifications of this bare-bones proposal. Given the limited scope of the …
Update 175: Hensarling Bill Gains Weight Unexpected Hrg. on Bill this Wednesday When Congress returns next week from its two-week recess of town halls and special elections, its attention will turn to the tasks of extending the current FY 17 CR or risk a government shutdown when the CR expires at midnight on Thursday. Less attention …
Update 174 — Recess Reading Ex-Im: Rep. Garrett to Run the Bank? The relief of the recess will soon give way to the resumption of hostilities on the Hill. Those in the states and districts are seeing the hostilities up close. Much of the Congressional version of it is self-inflicted. Take the Export-Import Bank. Trump …
Update 173: Hensarling Aims at DFA New Bill Expands Reach of CHOICE Act Yesterday, Jeb Hensarling, Chair of House Financial Services, announced that he had beefed up his Financial CHOICE Act to eliminate not only key Dodd-Frank, but also Sarbanes-Oxley, even JOBS Act regulations. Hensarling 2.0 proposes major structural changes to the CFPB and the SEC. The …
Update 172 Recess Recap Trump’s Economic Policy Scorecard As Congress prepares to go on a two-week recess, the Trump administration enters April with has no legislative productivity on big ticket items to its credit, its dreams of passing anything significant before August, a stated tax reform goal, looking remote. Trump made many campaign promises …
Recess Recap Trump's Economic Policy Scorecard (Apr. 6) Read More »
Update 171 — Pivot to Tax Policy Time to Pass a Bill or Pass the Ball Donald Trump’s presidency is at risk on several fronts. For our purposes, the most serious of these is the risk of a legislatively stillborn administration. After the Trump-Ryan health care brick at the buzzer last week, you might think …
Update 170: Skinny on the Budget Hard-Lite Turn for Fiscal Policy This morning’s budget release leaves little doubt as to the Trump Administration’s aim to honor campaign promises through major redistributions of discretionary funding. The document, the “skinny” budget, addresses discretionary funding issues for FY 18 only, as the mandatory funding budget is promised. And …
Update 169 — The Fed Rate Debate Does Political Risk Deserve Any Weight? As you probably know, the Federal Reserve announcement tomorrow afternoon is expected to confirm an all-but-promised 0.25 percent interest rate increase. On what basis is Fed acting in this instance? What is the role of the economy, the markets, and politics in its rate …
Update 168: Unsettling Scores The Tax Take on CBO’s AHCA Report The eagerly awaited CBO report on the GOP’s healthcare replacement plan released this afternoon set out what would be talking points, or rallying cries, for Democratic candidates and causes in the 2018 midterms. As most serious analysts predicted, the American Health Care Act is officially projected …
Update 167: Tax Take on Healthcare Bill (aka Reverse Robin Hood Tax Care Act) House Speaker Sen. Paul Ryan’s press conference yesterday about the new GOP healthcare bill oozed enthusiasm for the legislation to replace the ACA, which he referred to as “a collapsing law doing real damage to families every day in America.” The House …
