Infrastructure Legislation Advances, But Still Has a Ways to Go

Despite taking some important steps to advance, the legislation still has a ways to go and will have to overcome more hurdles. Two large infrastructure bills have taken important steps to advance in Congress. Here’s where they stand: On August 10, 2021, the Senate passed a $1.2 trillion bipartisan infrastructure bill, to be named the […]

Taper Tantrum Part Deux?

How are you doing? Are you making plans for fall or taking a step back to reassess? Can you hit reply and let me know? There’s a lot to weigh right now, so I’m curious to hear your thoughts. One big thing you may have heard about in the headlines is the Federal Reserve’s hint […]

Antitrust Crackdown Aims To Increase Competition

The executive order targets industries in which heavy market concentration is believed to be driving up prices. In July, the president issued an executive order intended to “combat excessive consolidation of industry, abuses of market power, and the harmful effects of monopoly.” More than a dozen federal agencies were directed to begin working on 72 […]

New Global Tax Accord Takes Shape

The proposed 15% global minimum corporate tax rate is intended to discourage multinational companies from setting up their operations in foreign countries with the lowest tax rates. After more than four years of international negotiations taking place mostly behind the scenes, 132 countries — representing more than 90% of worldwide gross domestic product (GDP) and […]

Infrastructure & Taxes

Are you tired of hearing about taxes? Me too. But here we are. Let’s dive in. So, we’ve got dueling infrastructure bills, plus a big proposed budget with lots of spending (and higher taxes inside). That’s a lot of expensive legislation on the table. What’s going to happen next? The Democrats and Republicans seem pretty […]

Shortages and Bottlenecks Expose Weak Links in U.S. Supply Chains

Some supply constraints may ease in the coming months, but other problems could take longer to resolve. U.S. consumers won’t soon forget the troubling shortages of personal protective equipment during the early days of the pandemic, or when the first stay-at-home orders spurred panic buying and stress-inducing shortages of toilet paper, cleaning products, and food. […]

Crisis Averted? Financial Help for Struggling Renters and Landlords

If you are a landlord, you might reach out to tenants who are behind on rent and encourage them to explore any potential opportunities for financial assistance. By one estimate, U.S. landlords were owed about $57 billion in unpaid back rent at the beginning of 2021. The average household that fell behind owed about four […]

American Families Plan Would Provide Benefits for Some, More Taxes for Others

The American Families Plan includes $1.8 trillion in proposed investments and tax credits for American families and children over a period of 10 years, as well as tax increases for those who earn more than $400,000 annually. On April 28, 2021, the White House released a fact sheet for President Biden’s American Families Plan (AFP), […]

Enhanced Child Tax Credit for 2021

Recent legislation made substantial, temporary improvements to the child tax credit for 2021 that may increase the amount you might receive. If you have qualifying children under the age of 18, you may be able to claim a child tax credit. (You may also be able to claim a partial credit for certain other dependents […]

U.S. Credit-Card Debt Levels See Record Drop in 2020

U.S. Credit-Card Debt Levels See Record Drop in 2020 Despite the financial challenges experienced by Americans as a result of the coronavirus pandemic, U.S. credit-card debt dropped to record levels in 2020, decreasing by almost $83 billion.1 This unprecedented drop was likely the result of individuals receiving financial assistance through the Coronavirus Aid, Relief, and […]