All things STOCKS

#17,953
#17,953
Jax_Vol said:
Tax bill passes.

Is that a any consideration for the market?

VIX spiked upwards. May have nothing to do with tax bill
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My 2 second analysis is that it's bad for the bond auctions going forward. Money is getting more expensive and everything has to be repriced, it's fundamental.

People have been worried about the USA debt for 70 years and so you just never know when it's suddenly "important" but it seems like yesterday it was important.
 
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#17,957
#17,957
BigOrangeMojo said:
Rumor going around is quadrupling the stock buyback from 1% to 4%.

Absolutely asinine and stupid tax policy
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The anti-capitalists that don’t understand it would be happy.

If shares are under attack by short speculators and manipulators, companies can defend shareholder value by purchasing their own shares.

If politicians actually wanted to help the middle class they’d take the 1% to zero and reduce individuals’ income tax on dividends and/or let corporations deduct them.

It’s stupid for big government to attempt to restrict how corporations use their excess capital. Whether buying back shares, paying dividends, make acquisitions, or spend on CapEx and inventory and R & D. But the socialist element believes that workers should be granted above market wages if any corporation has good years. Employees don’t give it back if the employer has a challenging year.
 
#17,962
#17,962
Vol423 said:
Hadn't seen or heard that one. That's not yet in the bill the House passed though. Correct?
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Not in the bill that House passed.

Had a the national policy guy at a Big 4 company share that tidbit of a potential revenue raiser to get the Senate on board...
 
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#17,963
#17,963
The Rs and Ds also failed to close the carried interest loophole. As if there was ever any question whether elected representatives are running things or if lobbyists are in charge.

Trump wants the Senate to close the loophole.
 
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#17,965
#17,965
mrorange211 said:
They almost certainly won’t
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Of course they won’t. They also won’t remove the tax on Social Security payments. But Bad Orange Man wants eliminating the taxation of SS included in the bill.

So for the record, POTUS wants to (1) eliminate the carried interest loophole benefiting millionaires and billionaires and (2) he wants to eliminate the tax on Social Security income benefitting retirees. But Congress wouldn’t pass either.
 
#17,968
#17,968
Thunder Good-Oil said:
Of course they won’t. They also won’t remove the tax on Social Security payments. But Bad Orange Man wants eliminating the taxation of SS included in the bill.

So for the record, POTUS wants to (1) eliminate the carried interest loophole benefiting millionaires and billionaires and (2) he wants to eliminate the tax on Social Security income benefitting retirees. But Congress wouldn’t pass either.
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Sorry, I don’t think he cares about either. It’s optics.
 
#17,971
#17,971
Thunder Good-Oil said:
It goes to the Senate now. There’s reconciliation coming. I think that it takes 60% for some of the modifications to be made.
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Only needs 50 plus Vance under reconciliation. The Senate Rs alredy have an agreed upon framework to increase debt ceiling by 5T to get these cuts plus huge defense spending increase under reconciliation....
 
#17,972
#17,972
It will take 60 if they cant fit the additional 200-250B annual defense spending plus tax cuts under the 5T debt ceiling increase....

In other words, anything outside of reconciliation aint happening
 
#17,973
#17,973
BigOrangeMojo said:
Only needs 50 plus Vance under reconciliation. The Senate Rs alredy have an agreed upon framework to increase debt ceiling by 5T to get these cuts plus huge defense spending increase under reconciliation....
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Wouldn’t untaxing SS “benefits” and/or closing the carried interest loophole require 60%?
 
#17,975
#17,975
You could keep SALT at 10K, end carried interest, increase defense spending only 15% per year and you could pay for no SS taxes under reconciliation...
 
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