Take a deep dive into the latest economic, tax and financial policies that could influence your wealth strategy. Find out what our experts will be factoring in when they consider your plan and get details on what to expect in the short- and long-term.
On September 13, 2021, the House Ways and Means Committee Chairman Richard Neal introduced the Committee’s proposed budget tax provisions. One of the proposed provisions would tighten the rules applicable to grantor trusts.
"Tax legislation is not a promise, and a taxpayer has no vested right in the Internal Revenue Code.” Justice Harry Blackmun, United States v. Carlton, 1994.
High Earners with Very Large Retirement Plan Balances See a Big Impact.
Proposals call for significant increases on taxes paid by high-net-worth individuals.
On June 9, 2021, Senators Chuck Grassley (R-IA) and Angus King (D-ME) introduced the Accelerating Charitable Efforts (ACE) Act. If enacted, the legislation would heighten transparency and expedite the pace of resources flowing from donor-advised funds (DAFs) and private foundations to working charities.
The White House’s 2022 budget request includes tax changes – many of which could influence certain trusts and how gains are taxed. Changes would take effect January 1, 2022, so the time to consider changes is now.
The American Jobs Plan — also known as the Infrastructure bill — was introduced by President Biden on March 31, 2021. The plan proposes spending of $2.3 trillion over eight years on a variety of initiatives.
Interest rates may continue to climb, but some bonds stand to benefit.
On March 11, 2021 President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021 (“ARPA”), the third relief package implemented to address the COVID-19 pandemic.
How much stimulus would trigger inflation might be the bigger question.
With the Georgia Senate runoff elections in the rear-view mirror, Democrats will control both the White House and Congress for the first time since the 2010 midterms.
Well, it’s over. Almost. The largest (with respect to turnout), most expensive, and arguably the most contentious election in our country’s history appears to have ended.