Category Archives: Political & Geopolitical

Odds For Meaningful Tax Cuts Have Improved Significantly

In the last two months, the odds of Congress passing meaningful tax cuts this year basically plunged to near zero but have rebounded strongly in the last few weeks. As of today, the odds of significant tax cuts before yearend look pretty good, but it’s still complicated. Let’s revisit what’s happened over the last two…

Critical Labor Shortage To Delay Hurricane Rebuilding

There was already a shortage of construction workers, especially in the South, before the hurricanes slammed Texas, Louisiana and Florida. No doubt demand for construction workers in these areas will skyrocket in the weeks and months just ahead. More on this below. Across all industries, unfilled job openings hit another new record high in July,…

High Corporate Income Tax = Less Pay For Workers

I have argued recently that one of the first things Congress should do is lower the corporate income tax from 35% to 15% (or at least 20%) – even if broad-based tax reform has to wait until next year. I have also argued for an immediate one-time corporate tax rate, say 10%, on profits held…

The President Can Put Congress On Obamacare – So Do It!

This post should strike a chord with everyone, regardless of your political persuasion. Were you angered last month when the GOP-controlled Senate failed to repeal Obamacare? I know I certainly was. Republicans have promised for seven years to “repeal and replace” Obamacare – if only voters would give them majority control of Congress and the…

Debt Ceiling Battle Will Be Extra-Dangerous This Year

As you’ve probably heard, we have another debt ceiling battle coming in September and probably early October. This is nothing new – or is it? I will argue below that this year’s debt ceiling battle has the potential to be the most dangerous in decades. For the past six months, Treasury Secretary Steven Mnuchin has…