A tax proposal was unveiled on Wednesday, and we believe it will be hard to pass since Congress is at an impasse and the Republicans have struggled to repeal Obama Care. We do believe that some of the tax reform will go through, eventually, but it will be much different from the current proposal. Our advice is to sit back and wait for this to be discussed further in Congress and not to base investment decisions on this tax proposal until the final bill is passed.
A.T. Kohout 09.29.17
Republican lawmakers released a framework for tax reform on Wednesday, announcing that their goals are to cut tax rates, simplify the Internal Revenue Code, and provide a more competitive environment for business. The framework generally reiterates proposals made by President Donald Trump in April. 09.28.17
The Equifax data breach that potentially affects 143 million U.S. customers, nearly two-thirds of the adult U.S. population, could be quite the mess to clean up. The hackers had access to data from May until July 2017, which included Social Security numbers, driver’s license numbers and credit card numbers, among other data. 09.08.17
Hackers used a website vulnerability to breach credit-reporting firm Equifax Inc. EFX, -13.32% possibly accessing personal data from up to two-thirds of the adult population of the U.S., the company disclosed late Thursday. 09.08.17
In his latest bearish slam lobbed at bitcoin BTCUSD, +2.35% “Where money goes to die,” he explained why he believes most of the players in the crypto market will eventually disappear along with the fortunes of late-to-the-party speculators. 09.06.17