Overview Over the past two weeks President Trump has taken actions to make good on some of his campaign promises regarding immigration. The President has delayed a rule that would allow foreign entrepreneurs to stay in the U.S. while building their businesses, and is working with Republican Senators to introduce a bill that, by 2027, … Continue reading
Latest Entries
Fiduciary Rule- Will it Price You Out of Retirement Savings?
Since the President Obama proposed the Fiduciary Rule in February of 2015, retirement advisors have been calculation the impact on their business. Obama’s fiduciary rule is not workable, it will cost too much for many low-income Americans as currently proposed. The Fiduciary Rule expands the definition of fiduciary under the ERISA (Employee Retirement Income Security … Continue reading
Understanding the Earned Income Tax Credit
Introduction The Earned Income Tax Credit (EITC) grants benefits to low-income households based on earned wages and the number of children in the household. It serves as an incentive to increase labor and is targeted to households who need assistance but are also working to improve. While this structure has particular benefits for work incentives … Continue reading
Will Robots Pay for Unemployment Benefits?
(Link) Introduction We always feel tired about waiting in a long queue at Internal Revenue Service to have our tax issue fixed. However, in the future, we may recognize our housekeeping robots from the same line who, too, want to solve their tax problems. The once wealthiest person in the world, Bill Gates proposed in … Continue reading
How Tax Reform Can Make the U.S. More Competitive
Background The year was 1986. The Oprah Winfrey Show made its debut. Mike Tyson became the youngest heavyweight champion of all time. And in October, the Tax Reform Act of 1986 was signed, marking the last time the United States federal tax code underwent large-scale reform. The global economy has changed drastically since 1986: free … Continue reading
Economy / Events / Foreign Policy / Middle East / Politics
ABCs of the GCC Crisis: Origins and Economics
Background On June 5th, Saudi Arabia, the United Arab Emirates, Bahrain and Egypt released a joint statement, announcing their severance of all diplomatic and trade ties with the gulf state of Qatar. This announcement came on the heels of rising tensions between Qatar and their fellow Arab states. The official reason given for the severance … Continue reading
#FraudNewsCNN and the New Era of Press Relations in Politics
In an increasingly digital world, social media has emerged as a new soap box for public figures to speak from. Particularly in politics, outlets such as Twitter and Facebook have proved to be valuable tools for rallying supporters from areas across the United States. However, President Trump’s use of Twitter has been notably different than … Continue reading
The Uncertain Future of NAFTA
Overview On May 18th Congress was given official notice of the administrations’ intention to renegotiate the North American Free Trade Agreement (NAFTA). President Trump has repeatedly stated his discontent with NAFTA, often referring to the agreement as “the worst deal of all time”. In the notice sent to Congress, Trade Representative Robert Lightizer, stated that … Continue reading
WIOA Under President Trump
Introduction The Workforce Innovation and Opportunity Act (WIOA) supports individuals from sectors across society who are looking for employment, training, or other workforce assistance. WIOA is a federal program implemented by states and it has only been active since July 1, 2016. The program is supported by a bipartisan majority and has been praised by … Continue reading
Breaking Down the Single Payer System
Overview Late June, legislation that would transform California’s health care system to a single-payer system was brought to a halt by Assembly Speaker Anthony Rendon, despite approval in the state Senate and loud public support. Single-payer health insurance eliminates the numerous private and government health insurers and replaces them with a single public organization that … Continue reading
You must be logged in to post a comment.