Mike & Co., Word this afternoon is that Senate Banking will take another shot at a conformations votes for five regulatory nominees, including two for SEC commissioner, perhaps as soon as this week. This follows an aborted April 7 vote, in which four Democrats (Schumer, Menendez, Warren, and Merkeley) withheld support for their own party’s …
Mike & Co. — Returning to taxes before we re-return to tax returns and the eternal audit, we look at a bill gathering support in the Senate — a Democratic priority for close to a decade that everyone from Pres. Obama, Sen. Sanders, Jeb Bush and even Donald Trump has endorsed. No one thinks it …
Mike & Co. – The revolving door between Manhattan and Washington may be a subject of some import for those reasons this. It’s also the subject of legislation supported by HRC that delineates a way to engage the best and brightest in government service without creating a tacit quid pro quo or the appearance (or …
Tax Update/Upcoming Compensation Issues (Mar. 24) Read More »
Mike & Co. – In a stark departure from political history since Reagan and Goldwater, the Republican Party this year has struggled to come up with a unified tax message. Perhaps more odd, still, are the abrupt change in tone surrounding the tax debate, from the traditionally robustly pronounced to a muted, tentative, and confused …
Mike & Co. — Yesterday, House Ways and Means chair Kevin Brady released a “budget savings package designed to cut taxes.” Brady’s gambit reflects the growing buyers remorse regarding the omnibus agreement within the Freedom Caucus. Hard liners have objected to the spending levels set in the Obama-Boehner deal; this package is meant to buy …
Mike & Co. — Upbeat tax talk is as common this time of year as predictions that this year the Cubs will win the World Series this fall. The word is that Messrs. Ryan and McConnell want to run a smooth, efficient, maybe even a productive ship this year on the theory that voters will …
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. — 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. – Discussions on the budget are moving from dollars for now to fine terms. The current issue is that House Democrats want the CR to last only through November but McConnell’s bill would it extend to mid-December. More on this again later in the week. A quick look now at some ramifications …
Carried Interest on the Stump and Hill (Sep. 24) Read More »
