TCJA

Tax and the Loss of Recession-Fighting Tools

Stock MarketBy: Dylan Ray, Summer Blogger

Economic activity, which reflects the balance between buying and selling assets, can be manipulated. In times of recession, with decreased economic activity, the government usually attempts to increase demand. For example, the Federal Reserve boosts economic activity, by reducing interest rates, in times of recession. Similarly, Congress can improve the economy, when it experiences a recession, by altering the tax regime and increasing capital investment. However, with the 2018 enactment of the Tax Cuts and Jobs Act (TCJA), Congress implemented aggressive depreciation provisions, which are no longer available to combat a forthcoming recession. Continue reading »

Opportunity Zones: An Opportunity for Investors to Give Back

By: Samantha Moench

The Trump Administration enacted the Tax Cuts and Jobs Act (the “TCJA”) on December 22, 2017. It is claimed to be one of the most aggressive tax reforms in history. Not only did it change the tax brackets and taxation of corporate tax incentives, but it also introduced a new innovative tax incentive designed to encourage investment in economically distressed areas throughout the United States. Continue reading »