The Border Adjustment on corporate federal taxes is part of a large proposed revamp to the tax code. The purpose of the package is to stimulate US production and exports, increase employment within US goods-producing industries, and come closer to a balance of federal revenues and expenditures. The overall tax package will shift the emphasis […]
Today, a large group of nonprofit and taxpayer advocates submitted a letter to members of Congress urging them to promote the availability of private flood insurance as an alternative to the National Flood Insurance Program (NFIP). The current government program is $25 billion in the red. Allowing the private sector to provide these services to […]
At first glance, President Trump’s tax-cut plan has merit. It proposes lowering corporate and individual tax rates to stimulate economic growth. The plan calls for repatriating income held overseas by U.S. corporations, which will bring an influx of trillions of dollars of new capital into the country. In addition, the plan may allow businesses to […]
Twenty groups signed onto a letter to the U.S. Congress in strong support of a bill that promotes economic growth, eliminates harmful regulations and provides helpful oversight in the financial services market. The letter is available online.
While Hurricane Matthew brushed along the Atlantic coast last year, no major hurricane has made landfall in Florida since 2005. Despite that luck, homeowner insurance premiums remain very high, and have experienced double-digit annual increases in Southeastern Florida. Over the next 5 years, rate hikes are expected to increase over 60% in Miami-Dade County alone. The increase […]
As Florida’s legislators consider what to do with auto insurance requirements in a “post” No-Fault/Personal Insurance Protection (PIP) world, there is talk of mandating rate rollbacks or passing new laws with “recommended” rate savings. This would be a mistake. To read the entire op-ed, visit the Palm Beach Post.
We used to think that when the Federal Reserve raised interest rates, we would once again have a chance to invest our consumer nest eggs in low risk bonds that pay 4%-5%. It may be a daydream. Four upcoming changes in the financial market could hold rates down longer than we might expect. Lurking on […]
Get used to hearing “trillion” – i.e., a million millions. Two decades ago, I heard a politician lament about government spending, “a million here, a million there, pretty soon you’re talking real money.” Today, Wall Street and Washington DC are awash in discussions of financial and economic factors that need measuring with a trillion dollar […]
Comments of the American Consumer Institute Center for Citizen Research Regarding Docket No. RM2017-3 and Order No. 3673 Submitted to the Postal Regulatory Commission, March 20, 2017 About ACI The American Consumer Institute Center for Citizen Research (“ACI”) is a nonprofit (501c3) educational and research institute with the mission to identify, analyze and protect […]
Every year, disreputable attorneys and home repair contractors launch an Assignment of Benefits (AOB) “open season” on home insurance policy holders. Consumers, whose homes are damaged by a leaky pipe or storm damage, want quick action by repair contractors to mitigate further damage. Some contractors will not proceed unless the owner completes an “assignment of […]