This Explains Everything

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

Dow closes down nearly 1,200 points in volatile trading

The Dow Jones industrial average plunged 1,175 points Monday in an exceptionally volatile day for financial markets around the world, stirring concerns about the durability of the long-running stock gains.

The Washington Post, February 5, 2018

The Ways and the Means

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

Key takeaways from Trump’s first State of the Union address

President Trump went through a bullet-point list of what he views as accomplishments and declared a “new American moment.” He noted a rising stock market, his new tax law, his cutting of regulations, and the appointment of conservative judges.

The Wall Street Journal, January 31, 2018

GOP plans to put tax cuts at forefront of 2018 campaign

As party leaders seek to head off Democratic gains in the House, November elections will determine control of the House and Senate.

Bloomberg, February 2, 2018

America’s budget process swallows time but achieves too little

By letting funding for the federal government lapse on January 20th, Congress demonstrated, again, how hard it is for it to approve spending.

The Economist, January 25, 2018

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

United States will hit debt limit sooner than expected because of tax cuts

The U.S. is expected to bump up against its borrowing limit a month earlier than previously expected, a function of last year’s $1.5 trillion tax cut, which is resulting in less revenue for the Treasury Department.

The New York Times, January 31, 2018

Challenges on inflation policy, tax cut loom as Powell era begins at Fed

Among questions facing the new chairman: How should the Fed respond if the economy gets too hot?

The Wall Street Journal, February 4, 2018

Trump administration tears down regulations to speed drilling on public land

The president is aggressively sweeping aside regulations protecting public land to clear a path for expanded oil and gas drilling.

The Washington Post, February 1, 2018

This Means Business

Tech companies to cash in on repatriation windfall

Big tech companies have been accumulating an overwhelming majority of their cash overseas, and now a big chunk of that may be returning home thanks to new tax reform legislation. A new repatriation provision will likely spur increased technology innovation and investments. Read our analysis.

man with smartphone

Industry Impact

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

There’s never been more money pouring into mobility startups

The billions of dollars betting on ride-hailing and car-sharing companies will shape the future of transportation.

Bloomberg, February 2, 2018

A revolution in health care is coming

Radical change demands a shift in emphasis, from providers to patients and from doctors to data. That shift is happening.

The Economist, February 1, 2018

Renewables research, development at risk under White House plan

Support for the development of new clean energy technologies may be at risk under a draft White House budget proposal for fiscal year 2019, which could slow down the necessary research for utilities to use more wind, solar, and other clean energy and modernize the nation’s electric grid.

Bloomberg Environment, February 1, 2018

back to top

Learn More:
  • Explore our Tax Reform Center to keep up on all our latest tax reform insights and analysis
  • Sign up to receive all Future Ready Business updates
  • Visit Grant Thornton’s Future Ready Business: Washington Impact program series
  • Subscribe to all of Grant Thornton’s tax-focused newsletters to stay up-to-date on the latest updates, legislative developments and tax planning strategies.

Missed an issue? We’ve got you covered! Get caught up on the latest developments from Washington. View past issues of Washington Impact here.