Federal Tax

Here Is What Is In The Republicans' Final Tax Bill

While the formal language of the final Republican tax bill has not been released, the following are the known provisions on which House of Representatives and Senate tax writers have agreed.

Frontrunning: December 5

  • Clash Over Young Immigrants Hangs Over Year-End Budget Talks (BBG)
  • Businesses Lobby for Breaks After Last-Minute Tax Changes (WSJ)
  • Senate Bill ‘Bombshell’ Could Raise Taxes on Tech (BBG)
  • Europe sucked into sell-off, sterling suffers Brexit blues (Reuters)
  • After Tax Overhaul, GOP Will Pivot to Revamping Welfare (WSJ)

Taxes: Here's What's Going To Stay The Same

"...even though the euphoria and expectations about this new proposal are totally overblown, there are still plenty of gems from the current tax code that aren’t going anywhere."

Stockman On America's Fiscal Sundown, Part 1

"The Senate Finance Committee tax bill is not supply side and it's not even a tax cut; it's a gimmick-ridden policy mongrel that smells to high heaven of political desperation and cynicism."

Jim Chanos Adds To Tesla Short, Sees Musk Stepping Down

“Put it this way. If you wouldn’t be short a multi-billion-dollar loss-making enterprise in a cyclical business, with a leveraged balance sheet, questionable accounting, every executive leaving, run by a CEO with a questionable relationship with the truth, what would you be short? It sort of ticks all the boxes.”

Frontrunning: November 14

  • Top central bankers vow to talk investors out of easy money (Reuters)
  • Sessions Considers Probe to Evaluate Clinton-Russia Ties (WSJ)
  • Trump Jr. Exchanged Messages With WikiLeaks (WSJ)
  • German growth surprise lifts Europe as China subdues Asia (Reuters)
  • Kremlin tells companies to deliver good news (Reuters)

The Fetid Swamp Of Tax Reform

The likelihood that either party will ever drain the fetid swamp of corruption that is our tax code is zero, because it's far too profitable for politicos to operate their auction for tax favors.