Taxes

Bear or Bull Market: What’s the Beef? (January 11)

Update 322 — Bear or Bull: What’s the Beef? What Market Volatility Means for Real Economy Markets are notoriously difficult to read, let alone predict.  And market performance correlates to growth and other macroeconomic factors in an opaque way.  But the increasingly erratic capital markets are arresting attention and arousing concerns. Which of these real …

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Senate Banking Hearing Tomorrow — Why is Implementation So Slow? (October 1)

Update 302: Senate Banking Hearing Tomorrow on S. 2155 — Why is Implementation So Slow? When the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155) was signed into law four months ago, we saw risk, not a reason to rush implementation. Industry apparently sees otherwise and so Senate Banking will ask why it’s …

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Trump Floats Tax Cuts by Decree Called "Illegal, Flat-Out Bonkers" (August 1)

Update 289:  Trump Floats Tax Cuts By Decree Called “Illegal, Flat-Out Bonkers;” Is it News? The GOP impulse to overreach when it comes to tax cuts is gaining almost frantic momentum right before the the August recess, as the GOP’s hopes of keeping its majorities in Congress looks ever more remote.   Last week it …

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Dereg Now, Dereg Whenever (Apr. 25)

Update 266 – Dereg Now, Dereg Whenever: Capital Rules Debate Pits Quarles vs. Quarrels If rapidly increasing economic growth, historic highs in financial industry profits, and capital markets in record territory of late all call for deregulation, there’s no bad time for it.  And if proponents of financial deregulation control the House, Senate, and White …

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GOP Double-Down Hair-Doo (Apr. 17)

Update 264 — GOP Double-Down Hair-Doo:
 Liked the Tax Cut?  How about a Perm? While today marks the last day Americans will file their taxes under the old tax code, a number of Americans have already seen their paychecks influenced by lower tax withholdings.  Republicans wasted little time celebrating the Tax Cuts and Jobs Act …

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Peering over the Fiscal Cliff (Apr. 11)

Update 262 — Peering over the Fiscal Cliff: Trillion-Dollar Deficits Far as the Eye Can See Earlier this week, the Congressional Budget Office (CBO) projected that the federal government’s annual budget deficit will reach $1 trillion next fiscal year.  Under current CBO expectations, the national debt will exceed $33 trillion by fiscal 2028, up from …

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