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Yes. Republicans should replace the gimmicky Trump accounts in their reconciliation bill with Canada-style Universal Savings Accounts, which are like supercharged Roth IRAs except simpler.

The House GOP's "One, Big, Beautiful Bill" Tax Plan: 🟢 The Good 🟠 The Bad 🔴 The Ugly The latest from Daniel Bunn, Alex Muresianu, and Will McBride: hubs.ly/Q03rH9yZ0

If you’re having tax problems, I feel bad for you, son. I’ve 899 problems but the BEAT ain’t one.

Among countless other things that make me happy about it, Poland did it without an "industrial policy". Just stable policy, modest but consistent growth, the craziness of our politicians restrained by the EU, and a broad-based economy - you can't point to one sector driving it

The Hitchhiker’s Guide to Why the Senate Is Unlikely To Debate the Big, Beautiful Bill Until the Week of June 22: Fox has learned that it is is doubtful that Senate Republicans will put the Big, Beautiful Bill on the floor for debate and a vote next week. That likely waits until

Paper here: papers.ssrn.com/sol3/papers.cf…

After 10 years of smoking ribs and experimenting with various rubs, debating whether to wrap or not to wrap, baby back vs. spare, etc., there's not much that has convinced me that doing it *one specific* way is a game changer...until now.* At Bogart's in St. Louis I learned they

What. A. Putt.

Still $10,000 too high, but it's a good start.

yes that’s permanent expensing in the Senate Finance text

Incredible.

In the Senate draft GILTI and FDII are renamed, and amusingly, FDII now has “DEI” in its new acronym. The new top rates on these effectively end up at a clean 14. The GILTI calc, taking into account the new FTC haircut, is (.6)(.21)(10/9). 60% inclusion and a 9/10 FTC.

RIP to one of the punniest tax policies ever.

(not permanent)

The much-feared § 899 mostly becomes softer in the Senate: - Delay to 2027 - Portfolio interest still clarified as exempt - Top 15 percent rate - BEAT changes much more complex, as they operate in tandem with non-899 BEAT changes, but still punishing - Coordination with § 891