The Treasury has released a detailed report on President Joe Biden’s “Made in America Tax Plan,” which has the administration putting corporate America on the hook for the tab for the sweeping $2.25 trillion infrastructure package, through measures that include reducing opportunities—such as investing offshore and shifting profits—for corporations to pay lower taxes. The report…
Treasury Report on Biden’s ‘Made in America’ Tax Plan Shows Corporations on the Hook for Trillions
How to Teach Your Kids About Money
If you guys have been hearing the term “financial literacy” a lot, there’s a good reason—it’s one of the most important money-related topics! And that’s why April has been named Financial Literacy Month. I’m a huge believer in financial literacy for everyone, but this stuff is especially important if you have kids who are in…
Obstacles and Answers
Dear Dave, In your mind, what are some of the biggest mental and emotional obstacles preventing people from addressing their financial problems? Roger Dear Roger, This is a great question! There are always circumstances beyond our control that can put us in a bad place, financially or otherwise, for a season. But to change your…
What Farmers Can Teach Us About Finances
April 7, 2021
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Dear Readers: In the fast-paced financial world we live in, with its focus on trading trends, online platforms, and market movements, it’s easy to get lost in the weeds and lose sight of the grounding principles of managing money that are essential to long-term success. So with spring in the air and buds on the…
Budget 2021 Preview: Balancing Pandemic Support, Growth Spending While Keeping Debt Manageable
A key dynamic for the April 19 federal budget—the first in over two years—will be how the government expects to balance economic support, as the pandemic’s third wave intensifies, with the $70 billion to $100 billion it earmarked in stimulus spending last fall.
The Good Old Days of Social Security
I’ve been writing a book for years now. It’s not going to be a bestseller, and it only has to do with Social Security in a peripheral way. It’s a history of my life, my wife’s life, and our lives together (about 47 years so far). I’m writing this collection of stories for my children…
US Bankruptcies Increased in March in Sign Backlog May Be Clearing: Epiq AACER
WASHINGTON—U.S. bankruptcies surged in March to the highest level in a year, driven by a 41 percent jump in month-to-month filings by consumers, data firm Epiq AACER reported on Monday. Overall commercial filings also increased, though the Chapter 11 bankruptcy used by larger companies fell, the firm said. U.S. bankruptcies had declined through much of…
CBS Responds to Criticism of ’60 Minutes’ Report on Florida’s DeSantis
CBS on Tuesday responded to strong criticism of its report on COVID-19 vaccinations in Florida, which included accusing Gov. Ron DeSantis of engaging in a “pay-to-play” scheme with Publix. Several prominent Democrats defended DeSantis against the accusation, including Jared Moskowitz, a former Democratic state senator who now runs the state Division of Emergency Management. Moskowitz said…
Senate Democrats Propose Changes to Trump’s Tax Reform to Raise Revenue and Discourage Offshoring
A group of Democrat senators has proposed changes to international tax provisions in former President Donald Trump’s 2017 tax reform law in a bid to discourage offshoring and raise tax revenue for domestic investment. The crux of the efforts of Sens. Ron Wyden (D-Oregon), Mark Warner (D-Virginia), and Sherrod Brown (D-Ohio) are calls to reform…
200 Companies Join the Pushback Against Election Integrity Efforts
In the latest weigh-in by corporate America on election reform efforts, 200 companies—including PayPal, Dow, Microsoft, and Uber—have signed a joint statement signaling their opposition to bills that critics claim impose unfair barriers to voting and whose proponents say make elections more secure. “There are hundreds of bills threatening to make voting more difficult in…
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