Democrat Wins in Alabama

Wednesday, December 13, 2017Screen Shot 2017-12-13 at 8.55.47 AM

Good Wednesday morning, 
Here are some of the stories making news in Washington and politics today:
  • Doug Jones and the Democrats were able to capitalize on sexual misconduct accusations against Roy S. Moore to pull out a rare victory in Alabama, a staunchly Republican state. The Senate race captivated the nation, not only for its debates over party loyalty and morality, but also for its immense implications for both parties and the Trump presidency.  See the complete results from the election »

  • As a prosecutor and defense lawyer, Mr. Jones played a role in some of his state’s biggest casesputting him in a position to make electoral history.
  • In denying again the accusations of sexual misconduct against him and deriding Senator Kirsten Gillibrand, President Trump ensured that the issue would gain energy and prominence.

  • Senior F.B.I. officials who helped investigate Mr. Trump’s campaign last year wrote in text messages that Hillary Clinton just has to win and described a potential Trump victory as terrifying, according to text messages.

  • Republican lawmakers, scrambling to reach agreement on a final tax bill that they hope to pass next week, are coalescing around a plan that would slightly raise the proposed corporate tax rate, lower the top rate on the richest Americans and scale back the existing mortgage interest deduction.
  • Leaders around the world who don’t like to be criticized or investigated have embraced the term fake news. Scholars fear that it further erodes trust in democracy.

— The First Draft Team

Hacking the Tax Plan: 13 Ways to Profit Off the Emerging Republican Bill


Seiji Matsumoto

Professionals call it tax planning. Analysts call them tax games. We’re calling them tax hacks. Every tax bill has little incentives or loopholes that encourage some behaviors and discourage others. The bill recently passed by the Senate is no different: It is full of little opportunities to make money — or at least save some.
We’ve put together a list of some of the most interesting and useful tricks, with help from some of the country’s leading experts in law and finance. This isn’t meant to be real tax advice — for that you’ll need to hire a professional — but it does shed light on the key features (or holes) in the Senate bill.
Many are changes that involve doing something right now, in the final days of 2017. Others would take longer to pull off but could have lasting payoffs, reaching into the next generation.
We focused on the Senate’s version of the legislation, because experts say the final bill is likely to resemble it in important ways. But Senate and House negotiators are still working out a compromise, so some rules might change before the bill becomes law.
Here are some money-making opportunities in the current legislation »
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