In The News

Some Thoughts on Tax Reform

December 28, 2017
After several expeditious weeks of deliberation and negotiation, Congress officially passed the Tax Cuts and Jobs Act on Wednesday, December 20th to take effect the first day of 2018. The bill represents the most comprehensive and impactful piece of tax reform to be enacted since that of the Reagan Administration in 1986, and it has several key implications for individual taxpayers, investors, and corporations of all sizes. The following synopsis of the primary highlights of the tax bill are by no means exhaustive but are meant to inform you of the most significant takeaways to you as taxpayers and investors.

The Reflationary Presidency?

November 18, 2016
Last Tuesday night the un-politician was elected and the career politician gave a next-morning concession speech. Post BREXIT, and with regard to still-rising nationalistic movements in many developed countries, it seems clear that whatever status quo existed between the political ruling class and their constituents is almost substantially breaking down. Witness Jeb Bush/Marco Rubio/Ted Cruz and Donald Trump, and Hillary Clinton and Bernie Sanders. It seems, around the world, we’ve entered uncharted waters, and are leaving behind our maps and trusty compass. The thoughts outlined below will provide perspective on how we read the changing economic and fiscal landscape in the wake of the election. It’s not our place to comment on the emotional resonance of any political figure unless it begins to impact the forces that drive the markets.