Category: Tax

The Trade War: Outlook, Not So Good

The Trade War: Outlook, Not So Good

Trade wars, like their nuclear counterparts, are essentially unwinnable. Once one side pulls the trigger the other side is left with no other option but to retaliate and mutually assured devastation ensues.
New Legislation To Restore Homeowners’ Ability To Work Around GOP Tax Law’s Blue-state SALT Cap

New Legislation To Restore Homeowners’ Ability To Work Around GOP Tax Law’s Blue-state SALT Cap

Following the introduction of new IRS rules that would block state-government workarounds to state and local tax deduction caps enacted as part of last year's GOP tax law, Senate Democrats introduced a Congressional Review Act Resolution of Disapproval to nullify the recent IRS decision, restore states’ ability to work around the caps, and allow homeowners to again fully retain their SALT deduction.