The GOP plan to overhaul the tax code has run into stiff opposition. Bloomberg Businessweek covers the issue that has divided corporations into clear winners and losers. Investors believe there’s a 95% chance the Federal Reserve will raise interest rates soon. Analysts now question whether monetary policy will tighten at an even faster pace this year. Howard Schneider reports on the latest developments for Reuters. Many people who qualify for an HSA – Health Savings Account – aren’t taking full advantage of them. Reuters reports on the triple tax benefits of the plans and summarizes the answers to frequently asked questions.

A Key Part Of The GOP’s Plan To Overhaul The Tax Code Is In Deep Trouble–  Republican leaders in Congress have described tax reform as a top priority.  Led by House Speaker Paul Ryan, they have come up with what they believe is a key part to the solution: a border adjusted tax, or BAT.  A border adjusted tax would cut the 35 percent corporate rate to 20 percent but tax imports, leaving clear winners and losers.  This article in Bloomberg Business explains the pros and cons to a BAT.  Read more…

Fed Expected To Raise Rates As U.S. Economy Flexes Muscle–  The Federal Reserve is expected to raise interest rates for the second time in three months on Wednesday, encouraged by strong monthly job gains and confidence that inflation is finally rising to its target.  Attention is being given to whether the U.S. central bank will signal an even faster pace of monetary tightening this year than the current three rate hikes that it projected at the December policy meeting.  Read more…

Are You Making The Most Of Your Health Savings Account? –  Health savings accounts (HSAs) are tax-advantaged savings and investment accounts available to people with high-deductible health plans. You can set aside money in an HSA, free of federal taxes, to pay for qualified medical expenses.  This article addresses some frequently asked questions about HSAs. Read more…

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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller

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