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Policy and Regulatory Commentary
Inflation, Elections & Jerome Powell
The Nasdaq and S&P hit record highs this week. Household wealth is soaring, and has doubled in just the last 10 years. On paper, American families and businesses should be feeling good about the economy, but they aren’t.
Policy and Regulatory Commentary
Funding the World’s Largest Government
In a town known for keeping important business until the last minute, the fiscal year (FY) 2022 budget process has been especially slow. Normally, the White House releases the president’s budget outline in early February of each year.
Policy and Regulatory Commentary
The Federal Gas Tax: Unpopular At Any Rate
“Across America, the pandemic is in retreat. … and more people are traveling this Memorial Day,” heralded a White House statement at the outset of the holiday weekend. “[A]s Americans are hitting the road, they are paying less in real terms for gas than they have on average over the last 15 years.”
Policy and Regulatory Commentary
Washington’s Long, Partisan Summer
Memorial Day is the unofficial beginning of summer. In Washington, D.C. this year, the holiday will kick off a particularly long, ugly, and partisan few months.
Macroeconomic & Geopolitical
Redistricting and Retirements Will Send Shockwaves Through Washington
A few weeks ago, we discussed how several upcoming special elections will soon impact the margin of power Democrats currently hold in the U.S. House of Representatives.
Policy and Regulatory Commentary
The Third Rail of Politics: Tax Increases
This past February marked the 108th anniversary of our modern income tax system. (We’ll forgive you if, like us, you missed the milestone.)
Market Outlooks
President Biden’s First 100 Days: By The Numbers
President Joe Biden marks his 100th day in office tomorrow. What has happened so far?