Nebraska State Senator Deb Fischer is expected to announce her candidacy for the U.S. Senate. Fischer will face State Treasurer Don Stenberg and State Attorney General Jon Bruning for the Republican nomination. The winner of the Republican primary is favored to defeat Democrat Ben Nelson.
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Jim Sutliff
U.S. firms are heading to tax havens in greater numbers than in the past. Increased regulations and tax burdens are factors considered by companies that are going public or relocating. Bermuda and the Caymen Islands are two popular locations for American firms.
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James Sutliff
Jon Huntsman became the latest Republican to announce a run for the Presidency. The former Governor of Utah declared in a speech at Liberty State Park in New Jersey. Jon Huntsman served as Ambassador to China for the Obama administration.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2011/06/21/us-usa-campaign-huntsman-idUSTRE75K2QC20110621
Jim Sutliff
Negotiations on the deficit and the debt ceiling are making progress in Congress. Democrat Senator Dick Durbin indicated that a delay could force interest rates higher. Democrats are attempting to raise the debt ceiling and Republicans are proposing budget cuts to lower the deficit.
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James Sutliff
Congress is set to pass free trade deals for South Korea, Columbia, and Panama. The free trade deals are expected to be sent to Congress from the Obama administration. The trade agreements have strong support in the Republican controlled House and enough Democrats in the Senate.
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Jim Sutliff
Michele Bachmann announced that she is an official candidate for President. The announcement came at the beginning of the CNN GOP Presidential debate. The Republican field is still wide open but it is clear that Michele will be a top contender for the nomination.
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James Sutliff
Indiana Congressman Mike Pence has announced that he will run for Governor. The Republican served six terms as a Congressman and is a social and fiscal conservative. Mike Pence will most likely defeat the Democrat and strengthen the Republican ticket.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2011/06/11/us-indiana-idUSTRE75A1QQ20110611
Jim Sutliff
At a public forum on June 7th, Jamie Dimon questioned Bernanke about Wall Street regulators. The amount of regulation came into question as well as the end result possibly being a slowdown of the U.S. economy.
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James Sutliff
Rick Santorum announced that he will run for President in 2012. The Republican served two terms in the U.S. Senate from 1995-2007. Santorum is a fiscal and social conservative that should play well in early contests like Iowa and South Carolina.
To read a related Wall Street Journal article, please click here:
http://online.wsj.com/article/SB10001424052702304432304576369101069730540.html?KEYWORDS=santorum
Jim Sutliff
Kiplinger’s has an article on the estate tax law and the portability feature. The article also discusses the expiration of the current provision at the end of 2012. In addition, the article provides examples of unintended consequences of the estate tax law.
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James Sutliff
A measure that would have increased the U.S. debt ceiling by $2.4 trillion was voted down in the House of Representatives. The House voted 318-97 with 236 Republicans and 86 Democrats voting against the legislation. For passage, the measure required 277 votes or two thirds of the members voting.
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Jim Sutliff