The Washington Update – WealthPoint

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Wealth Transfer Under the Biden Tax Plan

By logicaladminEstate Tax, Life Insurance, Tax, Tax Code, The Washington Update

President Joe Biden is proposing to eliminate “stepped-up basis” on property transferred at death. Under his plan, unrealized appreciation would be subject to capital gains tax at the time an...

July 22, 2021

judge's gavel lying on the U.S. constitution

The House considers impeachment: Where do we go from here?

By logicaladminEstate Tax, Fiscal Policy, Income Tax, Tax, Tax Code, The Washington Update, Washington Report

Since the beginning of 2019, we have predicted, correctly, that actions in Washington would bring volatility to the markets this year. A new potential contributor to this volatility is the...

October 22, 2019

Tax Reform Accomplished

By logicaladminEstate Tax, Fiscal Policy, Income Tax, Tax, Tax Code, The Washington Update, Washington Report

As 2017 drew to a close, Congress passed the Tax Cuts and Jobs Act (the “Act”), tax reform legislation that made sweeping changes to the Internal Revenue Code. When Congress...

January 5, 2018

Congress Returns with a Full Agenda: What to Watch for in the Markets

By logicaladminFiscal Policy, Income Tax, Monetary Policy, Tax, Tax Code, The Washington Update

Congress returns to Washington in June with only seven weeks to work before leaving again for the August recess. Below we consider what Congress is likely to accomplish, and how...

June 12, 2017

ACA Replacement and Market Reaction

By logicaladminFiscal Policy, Income Tax, Monetary Policy, News, Tax, Tax Code, The Washington Update, Washington Report

Earlier this month, the Republicans issued their plan to replace the Affordable Care Act (Obamacare). Andy Friedman, “one of the nation’s most sought-after speakers on all things political” according to…

March 16, 2017

A New Administration in Washington: What Tax Changes are in Store This Year?

By logicaladminEstate Tax, Fiscal Policy, Income Tax, Monetary Policy, Tax, Tax Code, The Washington Update, Washington Report

For the first time in thirty years, enactment of comprehensive tax reform legislation is a realistic possibility. President Trump has made tax reform a central goal of his new administration,...

March 12, 2017

Election Day and the Markets

By logicaladminFiscal Policy, Monetary Policy, News, Presidential Election, Tax, The Washington Update, Washington Report

A number of weeks ago – before the release of the Access Hollywood tape that threw Donald Trump’s campaign into turmoil – we predicted that Hillary Clinton would win the…

October 26, 2016

The Candidates and the Markets: How Would Clinton or Trump Govern?

By logicaladminEstate Tax, Fiscal Policy, Income Tax, Monetary Policy, News, Presidential Election, Press Release, Tax, Tax Code, The Washington Update, Washington Report

As the personality-fueled presidential campaign rages on, little time has been spent on how a Clinton or Trump presidency might affect the economy and the markets. Yet the candidates’ respective policy objectives…

October 14, 2016

Government funding and tax extenders legislation affects investors

By logicaladminEstate Tax, Family Business, Financial Security, Know your story, Leadership, M Financial Group, News, Press Release, Tax, The Washington Update, Washington Report

After weeks of negotiations, Congress reached agreement on a bipartisan bill to fund the government through September 2016. Following are provisions of particular interest to investors. The legislation makes permanent…

December 18, 2015

Another government shutdown?

By logicaladminCollaboration, Exit Planning, Family Business, Financial Security, Know your story, Leadership, News, Press Release, Tax, The Washington Update, Uncategorized, Washington Report

Congress returns from recess next week facing a month-end deadline to fund government operations for the next fiscal year. I’m concerned we could be looking at a reprise of 2013….

September 4, 2015