Update 308 — FSOC: Prudential off SIFI List; Too Big to Fail “Solved” in Shadow Markets? This Wednesday, the Financial Stability Oversight Council (FSOC) did what many have been expecting for a while and voted to de-designate Prudential, the last of the nonbank systemically important financial institutions (SIFIs). Its decision eliminated from this list all …
Update 306: Economic Generational Justice Salient Issues for Millennials in the Midterms The generation of millennials, Americans born between 1983 and 2000, consists of 80 million people and accounts for 25 percent of the population, 35 percent of the workforce. Millennials receive lower relative wages, take on more debt, face higher housing costs, and pay …
Update 305 — Survey of the Sunbelt Candidate Endorsements in AZ, CA, NV, TX Last month, 20/20 Vision endorsed 29 candidates for the next Congress, the first round of such endorsements. Almost all of these candidates are in margin-of-error-tight races in districts currently held by Republicans. Candidates were endorsed based on disparate considerations but we …
Update 288 — Taxing the Future, a GOP Trilogy; Does Tax Reform 2.0, ff. = Triple-Down Economics? House Ways and Means Committee Chair Brady is on a mission to make tax cuts a winning issue for Republicans in the fall. His legislative vehicle is “Tax Reform 2.0.” The Tax Cuts and Jobs Act (TCJA), signed last …
Update 281: Regular Disorder & Policymaking; Appropriations Panel Weighs Rough Riders FY 2019 is turning into yet another novel year for the budget as the Republican majority continues with its fiscal ineptitude. The 2018 Bipartisan Budget Act increased all discretionary spending caps, allowing appropriators to begin to draft spending bills without a formal budget resolution. In …
Update 208 – GOP Puts Tax Outline on Table; Many Details and Months of Debate to Follow Yesterday, after several false starts and months of manufactured distractions, GOP leadership in Congress and the Trump Administration finally tabled a framework for a tax plan that would lower rates across the board and cost the nation billions of dollars, possibly …