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Warren Buffett on Renewable Energy

At this morning's Berkshire Hathaway annual meeting, Warren Buffett said the following in response to a question about tax credit policy (paraphrasing): The government has made it a policy to shift the country toward renewable energy generation. Because the free market cannot support that shift on its own, tax credits are critical to support the ...

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The Insourcing Strategy

As noted on these pages, after the House Freedom Caucus served the White House an embarrassing defeat on AHCA 1.0 the Administration pivoted from policy construction outsourcing to insourcing. This pivot became apparent via Press reports indicating the Trump Democrats were taking over tax reform construction.  Now, according to Axios, it appears the Administration has ...

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AHCA Now in Senate Republicans’ (Fragile?) Hands

With the American Healthcare Reform Act finally out of the House, the political momentum ball is now firmly in the hands of Senate Republicans. Can they handle it? Or more specifically, are Ted Cruz and Rand Paul as brainless as the House Freedom Caucus? Whether by design or accident, the Trump Democrats have put "big ...

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China Validates Trump Tax Reform

According to an article in yesterday's WSJ, China is worried that US tax reform could "...trigger a 'tax war' if countries start competing to offer the lowest rates." The article goes on to say: "Chinese auto glassmaker Fuyao Glass Industry Group recently crystallized the concerns of some businesses and officials. In an interview late last ...

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President Trump’s Stubborn Approval Rating

There is a hard and fast rule in the investment business that says: If the price of a publicly traded asset does not react as expected to piece of news, then it is largely safe to assume that piece of news is "priced in". In other words, if the price of stock, for example, declines ...

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Steven Rattner Lies About Tax Reform

In an NYT Op-Ed on Tuesday, Steven Rattner picked up the baton in the political Left's campaign of lies with regard to tax reform. It's a beauty. "...$5.5 billion of tax giveaways, most for business." Tough to know where to begin with this statement. Using NYT's own analysis, the gross tax "giveaway" totals $6 billion, 62% of ...

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Harrisburg, PA: The Best and Worst of President Trump

President Trump's rally in Harrisburg, PA Saturday evening - concurrent with the White House Correspondence Dinner - was vintage Trump: Master orator, exaggerator, political genius, liar, America-first Nationalist, and elitist Globalist...all in one. Never Trumpers and supporters can each point to *something*: Never Trumpers see incompetent chaos that "validates" their rage; supporters see the stick ...

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