October 9th Edition

Yesterday, former Secretary of State and current presidential hopeful Hillary Clinton released her proposals for “Wall Street reform.” Candidate Clinton has long experience with Wall Street, is receiving plenty of campaign backing, from the financial services types, and has a knowledgable policy staff loaded with Washington insiders and expertise. However, she has a real political problem: the distrust of the progressive faction. Following the timeless advice of Warren Zevon, she’s calling for lawyers, guns and money to solve her problem.

September 29th Edition

Presidential candidate Donald Trump unveiled his tax plan yesterday. I will leave for another occasion a full evaluation of the plan, but one plank raises an important issue in tax policy. The plan includes the provision "If you are single and earn less than $25,000, or married and jointly earn less than $50,000, you will not owe any income tax. That removes nearly 75 million households – over 50% – from the income tax rolls. They get a new one page form to send the IRS saying, “I win,” those who would otherwise owe income taxes will save an average of nearly $1,000 each.”

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