Virtually all income groups can expect substantial benefits from tax reform, according to a new study that uses the most sophisticated modeling available to economists.
Under Social Security, Medicare, Medicaid and other entitlement programs, the US government has an unfunded liability of about $200 trillion. Add that to conventional measure of debt and our true debt to GDP ratio is 1,025%!
The GOP tax plan should do three things. It should expand the economy while raising wages. It should pay for itself. And it should be fair.
The just-announced Republican tax plan is essentially the House “Better Way” plan proposed in June 2016. The business part of the tax reform transforms our corporate tax into a business cash flow tax (BCFT) by moving to full expensing and restricting interest deductibility.
Are you 62 or over, house poor and barely making ends meet? If so, the Department of Housing and Urban Development (HUD) claims to have the answer. It’s called a Home Equity Conversion Mortgage, or HECM. HUD regulates HECMs, or at least it says it does.
Why can’t Republicans be more like Democrats?
Thanks to their rich parents, my friends “Joe” and “Sue’s” wedding was a three-day, 200-guest extravaganza on Maryland’s Chesapeake shore.
The people who crafted the Republican ObamaCare reform bill seem to want to help. They promise other reforms will be coming. Trust us, they say, we’re from the (new) government, and we’re here to help.
In taking over Scott Burns’ column, I promised to perform some money magic — to show you ways to better manage your finances and safely raise your living standard. I can’t do this on a one-on-one basis.