Whether you long for Reagan’s Morning in America, voted for Obama’s Hope and Change, or to Make America Great Again, you have found the right place because SOLUTIONOMICS is about solutions, not politics.
It’s not left, it’s not right, it’s about ROI. Implementing a decision-making process based on return on investment “ROI” is the first step in improving our economic and political systems.
Working over twenty five years in America’s financial sector for both large and small companies and now as the director of research and strategy for a $10 billion institutional investment fund manager, I have experienced firsthand what drives economic growth, what stimulates job and wage growth. And I’ve seen up close both how the financial sector operates and its role within the economy. My experience also includes advising the Chicago and Washington, D.C. districts of the U.S. Federal Reserve as well as CalPERS, the largest U.S. public pension fund.
Less than 12 months after seeing its corporate tax rate slashed by Congress, General Motors (GM) announced it will lay off 14,000 workers. That doesn’t exactly fit the script some in Congress and the president laid out when pressing for passage of the Tax Cuts and Jobs Act (TCJA) in late 2017. Either out of embarrassment or […]
Some in Congress are pushing for what they are calling “Tax Reform 2.0.” Americans should reply with a loud and clear “Two-point no!” Tax Reform 2.0 would be add insult to injury, piling even more debt on Americans while the impact on wage growth of the already passed tax reform is falling well short of […]
[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″] [et_pb_text admin_label=”Text”] President Trump is reportedly considering giving an estimated $100 billion tax cut on the capital gains realized from the sale of assets such as stocks and bonds. It is estimated that $63 billion would go to a select 0.1 percent or approximately 140,000 Americans out of the approximately […]
We warned Americans in a Dec. 7 piece in The Hill that the tax bill being considered and eventually passed by Congress and signed by President Trump would allow companies to fire Americans and receive massive tax cuts. Now it is happening. Walmart announced that it would fire an estimated 9,450 employees as it closed 63 Sam’s Club stores. Remember […]
Apple Inc. announced that it planned to hire 20,000 employees over the next five years, give $2,500 bonuses in restricted stock to its existing employees and invest $30 billion in U.S. facilities over the next five years. President Trump promptly tweeted, “Great to see Apple follow through as a result of TAX CUTS.” Is Apple hiring 20,000 […]
Republican tax reform is either a profile in courage or a reflection of the need to change an out of control campaign finance system. A CNBC poll showed that Americans want Congress and the president to focus first on items other than tax reform. Other polls indicate that most Americans are against cutting the corporate […]
The Senate passed its tax bill with no Democratic support. This should not be surprising considering that tax reform previously devolved into shouting matches between Republicans and Senators, including between Senators Orin Hatch (R-Utah) and Sherrod Brown (D-Ohio). It is emblematic of the yawning divide between Republican and Democratic views of the likely economic outcomes resulting from […]
Fire Americans, get a tax cut. Lower wages, get a tax cut. Reduce investment, get a tax cut. Move jobs overseas, get a tax cut. Under the recently passed Senate tax bill, companies can fire Americans, lower wages, reduce investment, send more jobs overseas and their statutory tax rate will be cut nearly in half, […]
In response to a proposed reduction of tax rates on foreign earned profits, U.S. multinational companies expect to use savings from the proposed reduction to pay down debt, increase share buybacks and pay out more dividends. In a Bank of America survey of corporations, the most common expected use of proceeds from foreign-earned profits was paying […]
During my most recent trip to Capitol Hill, there was a noticeably different feel in the air. It wasn’t just the ambient air temperature that had changed, there was a chill in the political air as well. There was a distinct sense of desperation urgency to pass tax reform. House Republicans furiously marked-up H.R.1 and […]
Stay in the know:
Receive unique insights into the economy, global trade, and financial markets you can use in investing, in your business, and evaluating Presidential candidate policies.