Category Archives: Regulatory

Finance Bill Delayed –

The Finance Reform bill has been delayed until after the 4th of July recess.  This may cause further changes to the bill as swing votes consider all options.  There has already been the elimination of $19 billion in fees assessed … Continue reading

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Financial Reform Agreement –

The House and Senate The House and Senate conference reached an agreement earlier today on financial reform that dilutes the original bill.  This came as great news for the banking sector that was concerned about a number of provisions in … Continue reading

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Billionaire Surtax –

Three Senators are pitching the idea of a billionaire surtax that would raise the levy to 65% of their estate.  The three Senators are Sanders of Vermont, Harkin of Iowa, and Whitehouse of Rhode Island.  The propsed tax would apply … Continue reading

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Roll Call: Special Reports –

Roll Call Policy Briefings are an invaluable resource that provides in depth information on specific topics.  The transportation and energy report states that it looks at roads, rails, and alternative fuels.      To visit the Transportation & Energy Briefing, please click here: … Continue reading

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Financial Reform Efforts –

Recently. there has been a great deal of attention on lobbying efforts related to the financial reform bill.  Closed door meetings are reported as playing a major role in attempts to change the legislation.  Televised conference hearings are one of the few … Continue reading

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Financial Reform Conferees –

Reuters has some background on the financial reform conference committee.  The committee has 12 Senators and 31 House member and a party breakdown weighted towards the Democrats.  The Senate portion has seven Democrats and five Republicans and the House contigency is … Continue reading

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Jobs Bill –

The administration is pushing for a jobs bill which will require almost $50 billion dollars.  Increased taxes on buyout funds managers and an increased levy on oil companies are part of the plan.  To read a related Bloomberg article, please … Continue reading

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Laffer: 2011 Economic Collapse –

In a Wall Street Journal opinion article, economist Arthur Laffer discusses the tax hikes and the effect that they will have on our economy.  Laffer illustrates how tax rates alter the timing of corporate profits and uses historical comparisons in his … Continue reading

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Debt Super Cycle –

A recent Bloomberg Chart of the Day highlights a Debt Super Cycle that our economy is about to enter in the near future.  The amount owed on our national debt will be greater than our 2012 GDP.  One economist noted … Continue reading

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Gulf Oil Leak –

The Gulf oil spill has led to discussions on relating to the rolling back of tax breaks for oil companies.  The well is estimated to be leaking between 12,000 and 15,000 barrels a day.  There is more than enough blame … Continue reading

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Call Center Tax –

New York Democrat Charles Schumer is proposing legislation that would put a .25 cent excise tax on call center calls that are relayed to outside countries.  There would also have to be notification to the caller of the country that there call will … Continue reading

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Top Kill Method Fails –

After three days, the Top Kill method has failed and BP is already discussing alternative methods.  The oil and natural gas leak is one of the worst in history and plugging the well at a depth of 5,000 is very … Continue reading

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MMS Chief Resigns –

The head of the Minerals Management Service has resigned from the post.  There has also been a six month moratorium  placed on deep water drilling permits.  In addition, plans to drill off the Virginia coast have been cancelled and exploratory wells … Continue reading

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FDIC Problem Bank List –

Financial news coming out of DC has not been all that pretty for the most part.  The FDIC problem bank list expanded to 775 which is 10% higher than the previous quarter.  The FDIC insurance fund is also still in the … Continue reading

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Carried Interest –

Five Senators are attempting to have venture capital managers exempt from a tax increase that would effect carried interest.  Carried interest has been treated as long term capital gains which is a significantly lower tax rate.  The Senators cited the … Continue reading

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