This Explains Everything

Our favorite take on one of the most important developments of the last two weeks

Republicans agree on final tax reform bill

With an eye to economic growth over simplification, GOP lawmakers are on the verge of enacting a sweeping overhaul of individual, business and international taxes before the end of the year. Following the conference agreement for the Tax Cuts and Jobs Act, the final version includes several changes not included in House and Senate versions of the bill. Learn what provisions made the cut in Grant Thornton’s detailed breakdown of the conference agreement.

Grant Thornton, December 18, 2017

The Ways and the Means

The latest analysis on regulatory, policy, and legislative process, and when it’s happening

GOP faces 5-day scramble to pass tax bill, avoid government shutdown

Republicans returned to Congress facing a packed agenda with little time to enact it, as party leaders aim to quickly pass their massive tax plan and then cut a budget deal with Democrats before the end of Friday to avert a government shutdown.

The Washington Post, December 17, 2017

Bipartisan health bill is losing support

More health analysts say it could raise costs for many consumers. The bill would restore payments to insurers, allowing them to cut premiums, but in doing so it would reduce the tax credits that are pegged in part to the premium costs of certain plans.

The Wall Street Journal, December 14, 2017

The FCC just voted to repeal its net neutrality rules, in a sweeping act of deregulation

Federal regulators voted to allow Internet providers to speed up service for websites they favor — and block or slow down others — in a decision repealing landmark Obama-era regulations overseeing broadband companies such as AT&T and Verizon.

The Washington Post, December 14, 2017

How Grant Thornton Can Help

Whether navigating market and regulatory changes, or trying to better prepare for your future business environment, Grant Thornton is ready to help you develop innovative and practical solutions.

Follow The Leading Indicators

A macro look at what’s impacting markets, trade, labor, and the environment

A journey through a land of extreme poverty: Welcome to America

The UN’s Philip Alston is an expert on deprivation – and he wants to know why 41m Americans are living in poverty. The Guardian joined him on a special two-week mission into the dark heart of the world’s richest nation.

The Guardian, December 15, 2017

America’s long-running economic expansion

Donald Trump is not the architect of American growth. But in the short term, things are set to go his way.

The Economist, December 16, 2017

Treasuries are the least volatile since the 1960s

Ten-year Treasury yields have traded this year in the narrowest range since 1965, as the reflation euphoria set off by Donald Trump’s election lost steam and the U.S. Federal Reserve achieved its interest-rate guidance.

Bloomberg, December 15, 2017

This Means Business

Taxation meets innovation: A new road to growth

The time is now for the tax industry to push past the status quo and embrace innovation. Faced with technological changes such as automation, blockchain, AI, and advanced analytics, coupled with the potential for comprehensive tax reform, today’s tax industry must necessarily have a laser focus on reinventing itself. During Grant Thornton’s recent executive workshop, “Operating in a Changing Landscape,” the firm’s tax leaders shared insights about tax innovation and the implications of potential tax reform.

Tax reform

Industry Impact

What’s moving in industry, especially pharma, tech, energy, finance, and manufacturing

How 2017 became a turning point for tech giants

In 2017, large American tech companies have kept hauling in more money and more users, yet underneath this apparent success was a momentous shift in how the tech business deals with the world.

The New York Times, December 13, 2017

Democrats cool to Trump’s infrastructure pitch

Officials likely have their work cut out for them after a year of partisan bickering over nominations, health care, and taxes.

Politico, December 14, 2017

Rising coal exports give short-term aid to an ailing industry

A shake-up in global coal trading has delivered some oxygen to the struggling American mining industry, driving up exports to energy-hungry countries. But the relief may not last.

The New York Times, December 13, 2017

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