Download - 2016 sd county credit
2016 Political Economy
Why it matters for you!
What we will cover today
Current US economic situation
Intl. economic situation
2016 Pres. Race
The 10yr Debt Time Bomb
Roots of the Problem
1930s: Great Depression
1960s: Heller’s full employment budget
Bush tax cuts n Medicare expansion, Great Recession,
Obama stimulus spending n ACA
What the Fed watches
Q1 Real Time GDP=0.3%
CA/SD Freddie Mac MiMi Rating
2yr Oil and Nat Gas
5yr US Dollar Index
US 2yr Treasury Yield
German 2yr BKO Yield
Japan 2yr JGB Yield
Chinese Stock Market
Econ problem we want to solve
WHERE CAN WE GET GROWTH?
Free Trade=lower tariffs
Reg. Relief=reduced costs
Tax reform=capital w/incentives
Infrastructure=efficiency
Latest on 2016 Republicans
TRUMP PLAN
Cut Corp Tax to 15%
Limit Pass Thru 15%
1x 10% Repat Tax
Ag TPP and NAFTAImpose tariffs on imported goods
Big Drop in InterestDeductibility
CRUZ PLANEliminate Corp. Tax
Flat Business Tax 16%
1x 10% Repat Tax, Drops Int. Tax
Full Expensing
Drops Interest Deductibility
REPUBLICAN PLANS HELP/HURT
Help: big tech & big pharma
Hurt: debt heavy balance sheets
Help: industrials & manufacturers
Hurt/Help: free trade?
Latest on 2016 Democrats
CLINTON PLANNo Change Corp
or Pass Thru
New Tax Credits forProfit Sharing andApprenticeships
Restart BABs
?Free Trade?
Taxes HC Benefits
Big Change to Cap Gains
Tax Foundation
CLINTON’S NEW SPENDING
$275B Infrastructure Plan
Fix Roads and Bridges
National Freight Inv. Program
$25B Infrastructure Bank
DEMOCRAT PLANS HELP/HURT
Help: ACA managed care, hospitals, Medicaid HMOs
Hurt: raises taxes on top earners
Help: construction, engineering firms
Help: muni bonds
COMING INTO FOCUS?
WHAT 2016 MEANS FOR YOU
Democrats: no big biz tax plans, large infrastructure plans,
build on current regulations,ag free trade
Republicans: tax cut plans,reduce regulations, full expensing,
mixed on free trade
Don’t Forget The Senate!
NVCO
Ds at Risk
ILWINHFLOHPANCMO
Rs at Risk
Senate 2016 Races: 24Rs n 10Ds in play
BEST NEWS IN A LONG TIME?
2016 Congress To Dos
Tax n Reg Reform
HC Reform
Entitlement Reform
National Security Reform
Constitution Reform
Wrap up….