But with 10 incumbent Democratic senators up for re-election in states won by Mr. Trump in the presidential election, the campaign implications were hard to overlook. McConnell goes through with a full August schedule, vulnerable Democratic senators would most likely face the prospects of skipping some votes in Washington to campaign at home — and risk being accused of shirking official duties.
Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact pressreleases franklyinc. There's no question that the results will change the course of policy creation in Washington and impact both small and large businesses.
Euler Hermes, a global leader in trade credit insurance, shares what business leaders need to know now that the midterm elections are over. However, these new tax laws are currently set to phase out inand a vote to make them permanent seems unlikely as Democrats will probably not support making these laws permanent.
Businesses that were planning to expand using the benefits from this law should proceed with caution. Infrastructure Spending is Coming Both parties understand the benefits of infrastructure spending, and a plan to raise funding for infrastructure may be the first bi-partisan effort we see when Congress returns in January.
The Federal Gasoline tax rate has been unchanged since If congress agrees to raise it from Trade War No More?
Things will still be rocky, but as evidenced by the new USMCA agreement with Mexico and Canada, the President is more flexible on trade than he initially indicates. A likely scenario is that with a few concessions from the Chinese think tariffs on US agriculture and ending the requirement for technology companies to form joint ventures to operate in China he could agree to a return to prior trade conditions.
This would be a win for tech, agriculture, wholesalers, and retailers. That said, there could be lasting damage. The Chinese have already looked for new food supply sources, and US manufacturers, either exporting products to China or having their facilities there, face new burdens that make this market less appealing.
Be Ready for Budget Drama The counter-balance in Congress is likely to indicate a tax neutral landscape, but also leaves the U. Budget drama will create significant bouts of volatility and contribute to a tightening of monetary and financial conditions. The basic materials and utilities sectors are most vulnerable to the significant tightening of monetary and financial conditions.
A Change in Course for Regulation Pharmaceutical companies can expect to hurt as rising drug prices are a concern for both sides of the aisle. The banking sector can expect deregulation to continue, which will translate to a benefit for small companies looking to get credit.
A note of caution — deregulation means an increased level of risk in the banking and financial sector similar to what was seen before Softening Immigration Policy With a split Congress, a relaxation of immigration policies may be the price Republicans need to pay in order to pass budgets.
Democrats have their eye on saving policies like DACA and preventing family separation. An increase in immigration could provide needed relief for labor intensive companies already struggling with a tight labor market.
A split congress provides both challenges and opportunities to the business world — the key for leaders will be focusing on the right risks to in order to keep a steady course and see continued growth.
Read the full report. Euler Hermes is the global leader in trade credit insurance and a recognized specialist in the areas of bonding, guarantees and collections. With more than years of experience, the company offers business-to-business B2B clients financial services to support cash and trade receivables management.
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Business, Innovation, Law & Technology. Located in the international commerce epicenter of downtown L.A. and adjacent to the tech sector of Silicon Beach, Loyola Law School, Los Angeles makes the most of its location at the intersection law, technology & business. Watch video · Trump is determined to make trade part of the midterm discussion — even though many in the White House are skeptical that it is a good issue, particularly in battleground Midwestern states.
Preference: Completion of Federal Income Tax and any Business Law courses. Summer Prof. Nathalie Martin, Prof. Grace Allison Fall Prof. James Butler, Prof.
Mary Pareja Spring Prof. James Butler, Prof. Mary Pareja. This clinic section is part of .