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.
Reading the press following Federal Reserve Chairman Powell’s testimony to the House Financial Services Committee committee last Wednesday, one would have been convinced that the Federal Reserve was going to cut rates by the end of July. It was largely portrayed as being as certain as death and taxes. And while the odds are better […]
As President Trump prepared to meet with Chinese President Xi Jinping at the G-20 summit in Osaka, Japan, most American analysts were focused on whether Trump would make a trade deal with China or play hardball and be willing to walk away from a deal. Importantly, some incorrectly assumed that Xi was ready to make […]
Unlike the president of China, Donald Trump is not president for life. This and the political realities of facing reelection in the 2020 presidential election will likely force Trump into eventually making a deal with China. The recent escalation in the trade war between the U.S. and China has investors, companies and Americans on edge, and for […]
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 […]
House Republicans recently released H.R.1 referred to as the “Tax Cuts and Jobs Act.” Unfortunately, the only part of the title that is a certainty is the tax cut portion. The jobs part is an uncertainty, merely speculation that jobs will be created. While supporters of the bill promise it will create more jobs and […]
The day after the World Series ended, House Republicans stepped up to the tax reform plate swinging for the fences. While they should be given credit for taking on a highly challenging subject, they missed the mark. Instead of drastically reducing the statutory corporate tax rate from 35 percent to 20 percent, as proposed, and […]
New York receives 81 cents for every dollar it pays in federal taxes. Contrast that with South Carolina, which receives $1.71 for every dollar it pays in federal taxes. Yet, through its proposed repeal of state and local tax (SALT) deductions, the current Senate tax bill would have New Yorkers pay even more to the […]
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