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1. The Republican “Border Adjustment Tax” is a Bad Idea 2. Old-Guard Republicans Pushing a Bad New Carbon Tax 3. Trump to Fill Three Fed Seats Following Surprise Resignation 4. Franklin Square Investment Company Webinar – February 24 Overview Whether you are a Republican or a Democrat...
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Federal tax receipts surged in April to generate the largest monthly US budget surplus in seven years, the latest sign that climbing stock values, hefty corporate profits and rising incomes for wealthier Americans are improving the nation’s budget picture. The US Treasury collected a record $472 billion...
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IN THIS ISSUE: 1. Gross Domestic Product Disappoints in the 4Q 2. Fed’s First Policy Meeting of 2015 – What to Do? 3. Obama’s $4 Trillion Budget & Big Tax Increases 4. Tax Increases to Fund Obama’s Spending Bonanza 5. Obama Wants to Shut Down Trans-Alaska Pipeline Overview...
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IN THIS ISSUE: 1. US Gross Domestic Product Rose Healthy 4.6% in the 2Q 2. “Tax Inversion” Increasingly Popular for US Corporations 3. How the 35% Corporate Tax Rate Stifles the Economy 4. Obamacare Architect: 75 Years is Long Enough to Live Overview The US corporate tax rate is the highest...
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Two months later than required by law, President Obama submitted his federal budget proposal for fiscal year 2014 on April 10. That proposal, as required, included a 10-year budget projection. I wrote in some detail about Obama’s record-large budget proposal in last week’s E-Letter . Now...
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IN THIS ISSUE: 1. This is the Worst Economic Recovery On Record! 2. FOMC Minutes Confirm Fed Ready to End QE 3. Obama’s Latest Record-Large Budget Proposal 4. Uncle Sam is Coming After Your Retirement Accounts Overview Today I tackle several topics, each of which could take up an entire E-Letter...
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IN THIS ISSUE: 1. The Bond Bubble Continues to Grow 2. Are Bonds Really “Safe” Investments? 3. When, Not If , Interest Rates Start to Climb 4. Revisiting the Equity Alternative Program Overview It was very tempting today to focus entirely on the “fiscal cliff” especially now that...
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IN THIS ISSUE: 1. July Unemployment Report: Good News & Bad 2. Obama Tax Increase to Cost at Least 700,000 Jobs 3. Pre-Election Day Layoffs Notification Controversy Today’s Overview We begin by looking at last Friday’s unemployment report for July. The government reported that the economy...
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IN THIS ISSUE: 1. Trustees Report: Same Song, Umpteenth Verse 2. Making the Case for a Crisis 3. Crisis? What Crisis? 4. Politicians: On the Fence (As Usual) 5. The Fix Won’t Be Easy – or Popular! Overview In what has now become an annual rite, the Social Security Trustees issued their annual...
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IN THIS ISSUE: 1. U.S. Cruises Toward a 2013 Fiscal Cliff 2. Automatic Spending Cuts Begin on January 15 3. Could Tax Hikes & Spending Cuts Spark A Recession? 4. Another Debt Ceiling Fight This Year? 5. Supreme Court Tackles Obamacare Mandate Introduction There are two prevailing views among economists...
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IN THIS ISSUE: 1. Economy Showing More “Green Shoots” 2. Latest Blue Chip Economic Indicators 3. Marginal Tax Rates vs. Effective Tax Rates 4. Millionaires: Tax the Rich, But Not Us 5. Thanks For Your Feedback Economy Showing More “Green Shoots” We’ve seen some encouraging...
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IN THIS ISSUE: 1. Latest Economic Reports – A Little Good News, But… 2. June Unemployment Report Was Dismal 3. The Optimists’ Case for the Economy 4. Debt Ceiling Debate Revisited Introduction Economic news over the last few months has for the most part been disappointing or downright...
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IN THIS ISSUE: 1. Recent Economic Reports Not Encouraging 2. Uncle Sam Blows Through Debt Ceiling 3. The Treasury’s Other Options 4. Debt Ceiling Battle: Tax Increases vs. Spending Cuts Introduction On Monday, May 16, the US government officially exceeded the national debt ceiling of $14.3 trillion...
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IN THIS ISSUE: 1. Who Really Pays Income Taxes? 2. Will Obama Raise Taxes on the Middle Class? 3. Are Americans Desensitized to the “T-Word” 4. S&P Debt Rating Downgrade Revisited 5. Conclusions – The End Won’t Be Pretty Who Really Pays Income Taxes? In President Obama’s...